Stellar Bancorp, Inc. (STEL) Correlation Distribution
Across 6,486 rolling correlation observations between Stellar Bancorp, Inc. (STEL) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.145, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,486
- Mean correlation
- 0.145
- Most common range
- 0.1 to 0.2
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 4.3%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 11 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 70 | 1.1% | |
| -0.6 to -0.5 | 70 | 1.1% | |
| -0.5 to -0.4 | 258 | 4.0% | |
| -0.4 to -0.3 | 258 | 4.0% | |
| -0.3 to -0.2 | 435 | 6.7% | |
| -0.2 to -0.1 | 434 | 6.7% | |
| -0.1 to 0.0 | 611 | 9.4% | |
| 0.0 to 0.1 | 610 | 9.4% | |
| 0.1 to 0.2 | 788 | 12.1% | |
| 0.2 to 0.3 | 787 | 12.1% | |
| 0.3 to 0.4 | 588 | 9.1% | |
| 0.4 to 0.5 | 588 | 9.1% | |
| 0.5 to 0.6 | 344 | 5.3% | |
| 0.6 to 0.7 | 344 | 5.3% | |
| 0.7 to 0.8 | 128 | 2.0% | |
| 0.8 to 0.9 | 128 | 2.0% | |
| 0.9 to 1.0 | 23 | 0.4% |
Frequently asked questions
What is the average correlation of STEL?
Stellar Bancorp, Inc. (STEL) has an average correlation of about 0.145 with other NASDAQ stocks, based on 6,486 pairwise observations.
Is STEL positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for STEL?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 56.5% of all pairs.
Explore the full interactive correlation distribution for STEL.
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