U.S. Bancorp (USB) Correlation Distribution
Across 6,809 rolling correlation observations between U.S. Bancorp (USB) and other NASDAQ-listed stocks, 77.4% are positive and 22.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.322, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0.322
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.4%
- Strong positive (≥0.7)
- 16.2%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 39 | 0.6% | |
| -0.8 to -0.7 | 38 | 0.6% | |
| -0.7 to -0.6 | 75 | 1.1% | |
| -0.6 to -0.5 | 75 | 1.1% | |
| -0.5 to -0.4 | 152 | 2.2% | |
| -0.4 to -0.3 | 152 | 2.2% | |
| -0.3 to -0.2 | 317 | 4.7% | |
| -0.2 to -0.1 | 316 | 4.6% | |
| -0.1 to 0.0 | 378 | 5.6% | |
| 0.0 to 0.1 | 378 | 5.6% | |
| 0.1 to 0.2 | 398 | 5.8% | |
| 0.2 to 0.3 | 398 | 5.8% | |
| 0.3 to 0.4 | 624 | 9.2% | |
| 0.4 to 0.5 | 624 | 9.2% | |
| 0.5 to 0.6 | 870 | 12.8% | |
| 0.6 to 0.7 | 869 | 12.8% | |
| 0.7 to 0.8 | 535 | 7.9% | |
| 0.8 to 0.9 | 534 | 7.8% | |
| 0.9 to 1.0 | 37 | 0.5% |
Frequently asked questions
What is the average correlation of USB?
U.S. Bancorp (USB) has an average correlation of about 0.322 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is USB positively correlated with other stocks?
Mostly yes — 77.4% of pairs are positive and 22.6% are negative. Strong positive correlations (≥0.7) make up 16.2%.
What is the most common correlation range for USB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.1% of all pairs.
Explore the full interactive correlation distribution for USB.
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