PNC Financial Services Group (PNC) Correlation Distribution
Across 6,809 rolling correlation observations between PNC Financial Services Group (PNC) and other NASDAQ-listed stocks, 79.3% are positive and 20.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.268, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.268
- Most common range
- 0.3 to 0.4
- Positive pairs
- 79.3%
- Strong positive (≥0.7)
- 10.1%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 81 | 1.2% | |
| -0.6 to -0.5 | 80 | 1.2% | |
| -0.5 to -0.4 | 130 | 1.9% | |
| -0.4 to -0.3 | 130 | 1.9% | |
| -0.3 to -0.2 | 228 | 3.3% | |
| -0.2 to -0.1 | 227 | 3.3% | |
| -0.1 to 0.0 | 440 | 6.5% | |
| 0.0 to 0.1 | 439 | 6.4% | |
| 0.1 to 0.2 | 734 | 10.8% | |
| 0.2 to 0.3 | 734 | 10.8% | |
| 0.3 to 0.4 | 844 | 12.4% | |
| 0.4 to 0.5 | 843 | 12.4% | |
| 0.5 to 0.6 | 556 | 8.2% | |
| 0.6 to 0.7 | 556 | 8.2% | |
| 0.7 to 0.8 | 333 | 4.9% | |
| 0.8 to 0.9 | 333 | 4.9% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of PNC?
PNC Financial Services Group (PNC) has an average correlation of about 0.268 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PNC positively correlated with other stocks?
Mostly yes — 79.3% of pairs are positive and 20.7% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for PNC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.2% of all pairs.
Explore the full interactive correlation distribution for PNC.
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