Virginia National Bankshares Corporation Common Stock (VABK) Correlation Distribution
Across 6,796 rolling correlation observations between Virginia National Bankshares Corporation Common Stock (VABK) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.126, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,796
- Mean correlation
- 0.126
- Most common range
- 0.1 to 0.2
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 0%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 7 | 0.1% | |
| -0.6 to -0.5 | 7 | 0.1% | |
| -0.5 to -0.4 | 109 | 1.6% | |
| -0.4 to -0.3 | 109 | 1.6% | |
| -0.3 to -0.2 | 391 | 5.8% | |
| -0.2 to -0.1 | 391 | 5.8% | |
| -0.1 to 0.0 | 994 | 14.6% | |
| 0.0 to 0.1 | 993 | 14.6% | |
| 0.1 to 0.2 | 1,146 | 16.9% | |
| 0.2 to 0.3 | 1,145 | 16.8% | |
| 0.3 to 0.4 | 639 | 9.4% | |
| 0.4 to 0.5 | 638 | 9.4% | |
| 0.5 to 0.6 | 113 | 1.7% | |
| 0.6 to 0.7 | 112 | 1.6% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of VABK?
Virginia National Bankshares Corporation Common Stock (VABK) has an average correlation of about 0.126 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is VABK positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for VABK?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 74.5% of all pairs.
Explore the full interactive correlation distribution for VABK.
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