Patriot National Bancorp Inc (PNBK) Correlation Distribution
Across 6,713 rolling correlation observations between Patriot National Bancorp Inc (PNBK) and other NASDAQ-listed stocks, 64.7% are positive and 35.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.138, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 7.3%.
- Total observations
- 6,713
- Mean correlation
- 0.138
- Most common range
- 0.3 to 0.4
- Positive pairs
- 64.7%
- Strong positive (≥0.7)
- 11.9%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 72 | 1.1% | |
| -0.9 to -0.8 | 210 | 3.1% | |
| -0.8 to -0.7 | 210 | 3.1% | |
| -0.7 to -0.6 | 309 | 4.6% | |
| -0.6 to -0.5 | 308 | 4.6% | |
| -0.5 to -0.4 | 252 | 3.8% | |
| -0.4 to -0.3 | 251 | 3.7% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 269 | 4.0% | |
| 0.1 to 0.2 | 444 | 6.6% | |
| 0.2 to 0.3 | 443 | 6.6% | |
| 0.3 to 0.4 | 651 | 9.7% | |
| 0.4 to 0.5 | 651 | 9.7% | |
| 0.5 to 0.6 | 545 | 8.1% | |
| 0.6 to 0.7 | 545 | 8.1% | |
| 0.7 to 0.8 | 371 | 5.5% | |
| 0.8 to 0.9 | 371 | 5.5% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of PNBK?
Patriot National Bancorp Inc (PNBK) has an average correlation of about 0.138 with other NASDAQ stocks, based on 6,713 pairwise observations.
Is PNBK positively correlated with other stocks?
Mostly yes — 64.7% of pairs are positive and 35.3% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for PNBK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 28.5% of all pairs.
Explore the full interactive correlation distribution for PNBK.
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