Southside Bancshares, Inc. (SBSI) Correlation Distribution
Across 6,809 rolling correlation observations between Southside Bancshares, Inc. (SBSI) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.256, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.256
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 11%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 68 | 1.0% | |
| -0.8 to -0.7 | 68 | 1.0% | |
| -0.7 to -0.6 | 71 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 221 | 3.2% | |
| -0.4 to -0.3 | 221 | 3.2% | |
| -0.3 to -0.2 | 361 | 5.3% | |
| -0.2 to -0.1 | 360 | 5.3% | |
| -0.1 to 0.0 | 380 | 5.6% | |
| 0.0 to 0.1 | 380 | 5.6% | |
| 0.1 to 0.2 | 495 | 7.3% | |
| 0.2 to 0.3 | 495 | 7.3% | |
| 0.3 to 0.4 | 661 | 9.7% | |
| 0.4 to 0.5 | 660 | 9.7% | |
| 0.5 to 0.6 | 774 | 11.4% | |
| 0.6 to 0.7 | 773 | 11.4% | |
| 0.7 to 0.8 | 363 | 5.3% | |
| 0.8 to 0.9 | 363 | 5.3% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of SBSI?
Southside Bancshares, Inc. (SBSI) has an average correlation of about 0.256 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SBSI positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 11%.
What is the most common correlation range for SBSI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.3% of all pairs.
Explore the full interactive correlation distribution for SBSI.
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