Summit State Bank (SSBI) Correlation Distribution
Across 6,790 rolling correlation observations between Summit State Bank (SSBI) and other NASDAQ-listed stocks, 62.7% are positive and 37.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.101, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,790
- Mean correlation
- 0.101
- Most common range
- 0.3 to 0.4
- Positive pairs
- 62.7%
- Strong positive (≥0.7)
- 6.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 149 | 2.2% | |
| -0.8 to -0.7 | 149 | 2.2% | |
| -0.7 to -0.6 | 300 | 4.4% | |
| -0.6 to -0.5 | 299 | 4.4% | |
| -0.5 to -0.4 | 288 | 4.2% | |
| -0.4 to -0.3 | 288 | 4.2% | |
| -0.3 to -0.2 | 324 | 4.8% | |
| -0.2 to -0.1 | 323 | 4.8% | |
| -0.1 to 0.0 | 398 | 5.9% | |
| 0.0 to 0.1 | 398 | 5.9% | |
| 0.1 to 0.2 | 623 | 9.2% | |
| 0.2 to 0.3 | 622 | 9.2% | |
| 0.3 to 0.4 | 629 | 9.3% | |
| 0.4 to 0.5 | 628 | 9.2% | |
| 0.5 to 0.6 | 472 | 7.0% | |
| 0.6 to 0.7 | 471 | 6.9% | |
| 0.7 to 0.8 | 205 | 3.0% | |
| 0.8 to 0.9 | 204 | 3.0% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of SSBI?
Summit State Bank (SSBI) has an average correlation of about 0.101 with other NASDAQ stocks, based on 6,790 pairwise observations.
Is SSBI positively correlated with other stocks?
Mostly yes — 62.7% of pairs are positive and 37.3% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for SSBI?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 39.6% of all pairs.
Explore the full interactive correlation distribution for SSBI.
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