Plumas Bancorp (PLBC) Correlation Distribution
Across 6,809 rolling correlation observations between Plumas Bancorp (PLBC) and other NASDAQ-listed stocks, 44% are positive and 56% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.8% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 6,809
- Mean correlation
- -0.028
- Most common range
- -0.7 to -0.6
- Positive pairs
- 44%
- Strong positive (≥0.7)
- 11.8%
- Sector
- Short-Term Business Credit Institutions
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 173 | 2.5% | |
| -0.8 to -0.7 | 173 | 2.5% | |
| -0.7 to -0.6 | 597 | 8.8% | |
| -0.6 to -0.5 | 596 | 8.8% | |
| -0.5 to -0.4 | 567 | 8.3% | |
| -0.4 to -0.3 | 567 | 8.3% | |
| -0.3 to -0.2 | 425 | 6.2% | |
| -0.2 to -0.1 | 424 | 6.2% | |
| -0.1 to 0.0 | 293 | 4.3% | |
| 0.0 to 0.1 | 293 | 4.3% | |
| 0.1 to 0.2 | 299 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 299 | 4.4% | |
| 0.5 to 0.6 | 350 | 5.1% | |
| 0.6 to 0.7 | 350 | 5.1% | |
| 0.7 to 0.8 | 397 | 5.8% | |
| 0.8 to 0.9 | 396 | 5.8% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of PLBC?
Plumas Bancorp (PLBC) has an average correlation of about -0.028 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PLBC positively correlated with other stocks?
Not predominantly — 44% of pairs are positive and 56% are negative. Strong positive correlations (≥0.7) make up 11.8%.
What is the most common correlation range for PLBC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.9% of all pairs.
Explore the full interactive correlation distribution for PLBC.
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