Rhinebeck Bancorp, Inc. Common Stock (RBKB) Correlation Distribution
Across 6,750 rolling correlation observations between Rhinebeck Bancorp, Inc. Common Stock (RBKB) and other NASDAQ-listed stocks, 78.7% are positive and 21.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.248, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.7% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,750
- Mean correlation
- 0.248
- Most common range
- 0.3 to 0.4
- Positive pairs
- 78.7%
- Strong positive (≥0.7)
- 6.7%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 90 | 1.3% | |
| -0.6 to -0.5 | 89 | 1.3% | |
| -0.5 to -0.4 | 112 | 1.7% | |
| -0.4 to -0.3 | 111 | 1.6% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 475 | 7.0% | |
| 0.0 to 0.1 | 474 | 7.0% | |
| 0.1 to 0.2 | 749 | 11.1% | |
| 0.2 to 0.3 | 749 | 11.1% | |
| 0.3 to 0.4 | 850 | 12.6% | |
| 0.4 to 0.5 | 849 | 12.6% | |
| 0.5 to 0.6 | 596 | 8.8% | |
| 0.6 to 0.7 | 595 | 8.8% | |
| 0.7 to 0.8 | 219 | 3.2% | |
| 0.8 to 0.9 | 219 | 3.2% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of RBKB?
Rhinebeck Bancorp, Inc. Common Stock (RBKB) has an average correlation of about 0.248 with other NASDAQ stocks, based on 6,750 pairwise observations.
Is RBKB positively correlated with other stocks?
Mostly yes — 78.7% of pairs are positive and 21.3% are negative. Strong positive correlations (≥0.7) make up 6.7%.
What is the most common correlation range for RBKB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 42.9% of all pairs.
Explore the full interactive correlation distribution for RBKB.
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