Republic Bancorp Inc/KY (RBCAA) Correlation Distribution
Across 6,809 rolling correlation observations between Republic Bancorp Inc/KY (RBCAA) and other NASDAQ-listed stocks, 48% are positive and 52% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.5% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.056
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48%
- Strong positive (≥0.7)
- 15.5%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 67 | 1.0% | |
| -0.8 to -0.7 | 67 | 1.0% | |
| -0.7 to -0.6 | 345 | 5.1% | |
| -0.6 to -0.5 | 345 | 5.1% | |
| -0.5 to -0.4 | 622 | 9.1% | |
| -0.4 to -0.3 | 621 | 9.1% | |
| -0.3 to -0.2 | 555 | 8.2% | |
| -0.2 to -0.1 | 554 | 8.1% | |
| -0.1 to 0.0 | 362 | 5.3% | |
| 0.0 to 0.1 | 361 | 5.3% | |
| 0.1 to 0.2 | 295 | 4.3% | |
| 0.2 to 0.3 | 295 | 4.3% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 288 | 4.2% | |
| 0.5 to 0.6 | 344 | 5.1% | |
| 0.6 to 0.7 | 343 | 5.0% | |
| 0.7 to 0.8 | 479 | 7.0% | |
| 0.8 to 0.9 | 479 | 7.0% | |
| 0.9 to 1.0 | 99 | 1.5% |
Frequently asked questions
What is the average correlation of RBCAA?
Republic Bancorp Inc/KY (RBCAA) has an average correlation of about 0.056 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RBCAA positively correlated with other stocks?
Not predominantly — 48% of pairs are positive and 52% are negative. Strong positive correlations (≥0.7) make up 15.5%.
What is the most common correlation range for RBCAA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.6% of all pairs.
Explore the full interactive correlation distribution for RBCAA.
Open interactive dashboard →