Stock Yards Bancorp, Inc. (SYBT) Correlation Distribution
Across 6,809 rolling correlation observations between Stock Yards Bancorp, Inc. (SYBT) and other NASDAQ-listed stocks, 51.5% are positive and 48.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.043, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.2% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.043
- Most common range
- -0.3 to -0.2
- Positive pairs
- 51.5%
- Strong positive (≥0.7)
- 3.2%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 130 | 1.9% | |
| -0.6 to -0.5 | 130 | 1.9% | |
| -0.5 to -0.4 | 502 | 7.4% | |
| -0.4 to -0.3 | 502 | 7.4% | |
| -0.3 to -0.2 | 679 | 10.0% | |
| -0.2 to -0.1 | 678 | 10.0% | |
| -0.1 to 0.0 | 636 | 9.3% | |
| 0.0 to 0.1 | 636 | 9.3% | |
| 0.1 to 0.2 | 524 | 7.7% | |
| 0.2 to 0.3 | 523 | 7.7% | |
| 0.3 to 0.4 | 478 | 7.0% | |
| 0.4 to 0.5 | 477 | 7.0% | |
| 0.5 to 0.6 | 327 | 4.8% | |
| 0.6 to 0.7 | 326 | 4.8% | |
| 0.7 to 0.8 | 107 | 1.6% | |
| 0.8 to 0.9 | 107 | 1.6% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of SYBT?
Stock Yards Bancorp, Inc. (SYBT) has an average correlation of about 0.043 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SYBT positively correlated with other stocks?
Mostly yes — 51.5% of pairs are positive and 48.5% are negative. Strong positive correlations (≥0.7) make up 3.2%.
What is the most common correlation range for SYBT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 54% of all pairs.
Explore the full interactive correlation distribution for SYBT.
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