Triumph Financial, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock (TFINP) Correlation Distribution
Across 6,317 rolling correlation observations between Triumph Financial, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock (TFINP) and other NASDAQ-listed stocks, 70.1% are positive and 29.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.186, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,317
- Mean correlation
- 0.186
- Most common range
- 0.3 to 0.4
- Positive pairs
- 70.1%
- Strong positive (≥0.7)
- 5.1%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 67 | 1.1% | |
| -0.6 to -0.5 | 66 | 1.0% | |
| -0.5 to -0.4 | 200 | 3.2% | |
| -0.4 to -0.3 | 200 | 3.2% | |
| -0.3 to -0.2 | 415 | 6.6% | |
| -0.2 to -0.1 | 415 | 6.6% | |
| -0.1 to 0.0 | 512 | 8.1% | |
| 0.0 to 0.1 | 512 | 8.1% | |
| 0.1 to 0.2 | 676 | 10.7% | |
| 0.2 to 0.3 | 676 | 10.7% | |
| 0.3 to 0.4 | 711 | 11.3% | |
| 0.4 to 0.5 | 710 | 11.2% | |
| 0.5 to 0.6 | 411 | 6.5% | |
| 0.6 to 0.7 | 410 | 6.5% | |
| 0.7 to 0.8 | 162 | 2.6% | |
| 0.8 to 0.9 | 161 | 2.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of TFINP?
Triumph Financial, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock (TFINP) has an average correlation of about 0.186 with other NASDAQ stocks, based on 6,317 pairwise observations.
Is TFINP positively correlated with other stocks?
Mostly yes — 70.1% of pairs are positive and 29.9% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for TFINP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 50.8% of all pairs.
Explore the full interactive correlation distribution for TFINP.
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