Truist Financial Corporation (TFC) Correlation Distribution
Across 6,809 rolling correlation observations between Truist Financial Corporation (TFC) and other NASDAQ-listed stocks, 74.3% are positive and 25.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.316, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 21.8% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- 0.316
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.3%
- Strong positive (≥0.7)
- 21.8%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 57 | 0.8% | |
| -0.8 to -0.7 | 56 | 0.8% | |
| -0.7 to -0.6 | 113 | 1.7% | |
| -0.6 to -0.5 | 113 | 1.7% | |
| -0.5 to -0.4 | 257 | 3.8% | |
| -0.4 to -0.3 | 256 | 3.8% | |
| -0.3 to -0.2 | 309 | 4.5% | |
| -0.2 to -0.1 | 308 | 4.5% | |
| -0.1 to 0.0 | 277 | 4.1% | |
| 0.0 to 0.1 | 277 | 4.1% | |
| 0.1 to 0.2 | 327 | 4.8% | |
| 0.2 to 0.3 | 326 | 4.8% | |
| 0.3 to 0.4 | 509 | 7.5% | |
| 0.4 to 0.5 | 509 | 7.5% | |
| 0.5 to 0.6 | 814 | 12.0% | |
| 0.6 to 0.7 | 813 | 11.9% | |
| 0.7 to 0.8 | 719 | 10.6% | |
| 0.8 to 0.9 | 719 | 10.6% | |
| 0.9 to 1.0 | 48 | 0.7% |
Frequently asked questions
What is the average correlation of TFC?
Truist Financial Corporation (TFC) has an average correlation of about 0.316 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TFC positively correlated with other stocks?
Mostly yes — 74.3% of pairs are positive and 25.7% are negative. Strong positive correlations (≥0.7) make up 21.8%.
What is the most common correlation range for TFC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for TFC.
Open interactive dashboard →