TBNK (TBNK) Correlation Distribution
Across 6,806 rolling correlation observations between TBNK (TBNK) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.229, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.7% and strong negative correlations (≤−0.7) for 9.7%.
- Total observations
- 6,806
- Mean correlation
- 0.229
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 23.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 40 | 0.6% | |
| -0.9 to -0.8 | 309 | 4.5% | |
| -0.8 to -0.7 | 308 | 4.5% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 197 | 2.9% | |
| -0.4 to -0.3 | 197 | 2.9% | |
| -0.3 to -0.2 | 208 | 3.1% | |
| -0.2 to -0.1 | 207 | 3.0% | |
| -0.1 to 0.0 | 213 | 3.1% | |
| 0.0 to 0.1 | 212 | 3.1% | |
| 0.1 to 0.2 | 233 | 3.4% | |
| 0.2 to 0.3 | 233 | 3.4% | |
| 0.3 to 0.4 | 336 | 4.9% | |
| 0.4 to 0.5 | 336 | 4.9% | |
| 0.5 to 0.6 | 817 | 12.0% | |
| 0.6 to 0.7 | 817 | 12.0% | |
| 0.7 to 0.8 | 760 | 11.2% | |
| 0.8 to 0.9 | 759 | 11.2% | |
| 0.9 to 1.0 | 95 | 1.4% |
Frequently asked questions
What is the average correlation of TBNK?
TBNK (TBNK) has an average correlation of about 0.229 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is TBNK positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 23.7%.
What is the most common correlation range for TBNK?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 19.2% of all pairs.
Explore the full interactive correlation distribution for TBNK.
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