Peapack-Gladstone Financial Corp (PGC) Correlation Distribution
Across 6,809 rolling correlation observations between Peapack-Gladstone Financial Corp (PGC) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.147, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.147
- Most common range
- 0.1 to 0.2
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 3.3%
- Sector
- Commercial Banks, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 107 | 1.6% | |
| -0.6 to -0.5 | 106 | 1.6% | |
| -0.5 to -0.4 | 212 | 3.1% | |
| -0.4 to -0.3 | 212 | 3.1% | |
| -0.3 to -0.2 | 414 | 6.1% | |
| -0.2 to -0.1 | 413 | 6.1% | |
| -0.1 to 0.0 | 702 | 10.3% | |
| 0.0 to 0.1 | 702 | 10.3% | |
| 0.1 to 0.2 | 721 | 10.6% | |
| 0.2 to 0.3 | 721 | 10.6% | |
| 0.3 to 0.4 | 700 | 10.3% | |
| 0.4 to 0.5 | 699 | 10.3% | |
| 0.5 to 0.6 | 405 | 5.9% | |
| 0.6 to 0.7 | 404 | 5.9% | |
| 0.7 to 0.8 | 110 | 1.6% | |
| 0.8 to 0.9 | 109 | 1.6% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of PGC?
Peapack-Gladstone Financial Corp (PGC) has an average correlation of about 0.147 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PGC positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for PGC?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 53.9% of all pairs.
Explore the full interactive correlation distribution for PGC.
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