S&T Bancorp Inc (STBA) Correlation Distribution
Across 6,809 rolling correlation observations between S&T Bancorp Inc (STBA) and other NASDAQ-listed stocks, 46.6% are positive and 53.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.037, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.1% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.037
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.6%
- Strong positive (≥0.7)
- 8.1%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 257 | 3.8% | |
| -0.6 to -0.5 | 257 | 3.8% | |
| -0.5 to -0.4 | 650 | 9.5% | |
| -0.4 to -0.3 | 650 | 9.5% | |
| -0.3 to -0.2 | 686 | 10.1% | |
| -0.2 to -0.1 | 686 | 10.1% | |
| -0.1 to 0.0 | 425 | 6.2% | |
| 0.0 to 0.1 | 424 | 6.2% | |
| 0.1 to 0.2 | 331 | 4.9% | |
| 0.2 to 0.3 | 330 | 4.8% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 445 | 6.5% | |
| 0.6 to 0.7 | 445 | 6.5% | |
| 0.7 to 0.8 | 270 | 4.0% | |
| 0.8 to 0.9 | 270 | 4.0% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of STBA?
S&T Bancorp Inc (STBA) has an average correlation of about 0.037 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STBA positively correlated with other stocks?
Not predominantly — 46.6% of pairs are positive and 53.4% are negative. Strong positive correlations (≥0.7) make up 8.1%.
What is the most common correlation range for STBA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 42.3% of all pairs.
Explore the full interactive correlation distribution for STBA.
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