Texas Capital Bancshares, Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B (TCBIO) Correlation Distribution
Across 6,806 rolling correlation observations between Texas Capital Bancshares, Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B (TCBIO) and other NASDAQ-listed stocks, 73.2% are positive and 26.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.357, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.7% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,806
- Mean correlation
- 0.357
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.2%
- Strong positive (≥0.7)
- 39.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 93 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 198 | 2.9% | |
| -0.6 to -0.5 | 198 | 2.9% | |
| -0.5 to -0.4 | 282 | 4.1% | |
| -0.4 to -0.3 | 282 | 4.1% | |
| -0.3 to -0.2 | 233 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 249 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 314 | 4.6% | |
| 0.4 to 0.5 | 313 | 4.6% | |
| 0.5 to 0.6 | 469 | 6.9% | |
| 0.6 to 0.7 | 469 | 6.9% | |
| 0.7 to 0.8 | 1,144 | 16.8% | |
| 0.8 to 0.9 | 1,143 | 16.8% | |
| 0.9 to 1.0 | 416 | 6.1% |
Frequently asked questions
What is the average correlation of TCBIO?
Texas Capital Bancshares, Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B (TCBIO) has an average correlation of about 0.357 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is TCBIO positively correlated with other stocks?
Mostly yes — 73.2% of pairs are positive and 26.8% are negative. Strong positive correlations (≥0.7) make up 39.7%.
What is the most common correlation range for TCBIO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for TCBIO.
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