The Bancorp Inc. (TBBK) Correlation Distribution
Across 6,809 rolling correlation observations between The Bancorp Inc. (TBBK) and other NASDAQ-listed stocks, 40.6% are positive and 59.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.065, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 6,809
- Mean correlation
- -0.065
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.6%
- Strong positive (≥0.7)
- 17%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 297 | 4.4% | |
| -0.8 to -0.7 | 296 | 4.3% | |
| -0.7 to -0.6 | 779 | 11.4% | |
| -0.6 to -0.5 | 778 | 11.4% | |
| -0.5 to -0.4 | 559 | 8.2% | |
| -0.4 to -0.3 | 558 | 8.2% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 217 | 3.2% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 215 | 3.2% | |
| 0.3 to 0.4 | 219 | 3.2% | |
| 0.4 to 0.5 | 219 | 3.2% | |
| 0.5 to 0.6 | 261 | 3.8% | |
| 0.6 to 0.7 | 260 | 3.8% | |
| 0.7 to 0.8 | 501 | 7.4% | |
| 0.8 to 0.9 | 500 | 7.3% | |
| 0.9 to 1.0 | 155 | 2.3% |
Frequently asked questions
What is the average correlation of TBBK?
The Bancorp Inc. (TBBK) has an average correlation of about -0.065 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TBBK positively correlated with other stocks?
Not predominantly — 40.6% of pairs are positive and 59.4% are negative. Strong positive correlations (≥0.7) make up 17%.
What is the most common correlation range for TBBK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for TBBK.
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