1st Source Corp (SRCE) Correlation Distribution
Across 6,809 rolling correlation observations between 1st Source Corp (SRCE) and other NASDAQ-listed stocks, 44.2% are positive and 55.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.008, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.008
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.2%
- Strong positive (≥0.7)
- 12.6%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 451 | 6.6% | |
| -0.6 to -0.5 | 451 | 6.6% | |
| -0.5 to -0.4 | 678 | 10.0% | |
| -0.4 to -0.3 | 678 | 10.0% | |
| -0.3 to -0.2 | 545 | 8.0% | |
| -0.2 to -0.1 | 544 | 8.0% | |
| -0.1 to 0.0 | 350 | 5.1% | |
| 0.0 to 0.1 | 350 | 5.1% | |
| 0.1 to 0.2 | 284 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 277 | 4.1% | |
| 0.4 to 0.5 | 277 | 4.1% | |
| 0.5 to 0.6 | 339 | 5.0% | |
| 0.6 to 0.7 | 338 | 5.0% | |
| 0.7 to 0.8 | 414 | 6.1% | |
| 0.8 to 0.9 | 414 | 6.1% | |
| 0.9 to 1.0 | 33 | 0.5% |
Frequently asked questions
What is the average correlation of SRCE?
1st Source Corp (SRCE) has an average correlation of about 0.008 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SRCE positively correlated with other stocks?
Not predominantly — 44.2% of pairs are positive and 55.8% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for SRCE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.6% of all pairs.
Explore the full interactive correlation distribution for SRCE.
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