South Plains Financial, Inc. Common Stock (SPFI) Correlation Distribution
Across 6,809 rolling correlation observations between South Plains Financial, Inc. Common Stock (SPFI) and other NASDAQ-listed stocks, 43.3% are positive and 56.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,809
- Mean correlation
- -0.023
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.3%
- Strong positive (≥0.7)
- 12.8%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 145 | 2.1% | |
| -0.8 to -0.7 | 145 | 2.1% | |
| -0.7 to -0.6 | 566 | 8.3% | |
| -0.6 to -0.5 | 566 | 8.3% | |
| -0.5 to -0.4 | 601 | 8.8% | |
| -0.4 to -0.3 | 601 | 8.8% | |
| -0.3 to -0.2 | 462 | 6.8% | |
| -0.2 to -0.1 | 461 | 6.8% | |
| -0.1 to 0.0 | 313 | 4.6% | |
| 0.0 to 0.1 | 312 | 4.6% | |
| 0.1 to 0.2 | 283 | 4.2% | |
| 0.2 to 0.3 | 282 | 4.1% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 282 | 4.1% | |
| 0.5 to 0.6 | 318 | 4.7% | |
| 0.6 to 0.7 | 318 | 4.7% | |
| 0.7 to 0.8 | 416 | 6.1% | |
| 0.8 to 0.9 | 416 | 6.1% | |
| 0.9 to 1.0 | 39 | 0.6% |
Frequently asked questions
What is the average correlation of SPFI?
South Plains Financial, Inc. Common Stock (SPFI) has an average correlation of about -0.023 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPFI positively correlated with other stocks?
Not predominantly — 43.3% of pairs are positive and 56.7% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for SPFI?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31% of all pairs.
Explore the full interactive correlation distribution for SPFI.
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