Veritex Holdings, Inc. (VBTX) Correlation Distribution
Across 6,809 rolling correlation observations between Veritex Holdings, Inc. (VBTX) and other NASDAQ-listed stocks, 74.7% are positive and 25.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.291, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.291
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.7%
- Strong positive (≥0.7)
- 16%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 60 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 86 | 1.3% | |
| -0.5 to -0.4 | 182 | 2.7% | |
| -0.4 to -0.3 | 182 | 2.7% | |
| -0.3 to -0.2 | 344 | 5.1% | |
| -0.2 to -0.1 | 343 | 5.0% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 375 | 5.5% | |
| 0.1 to 0.2 | 434 | 6.4% | |
| 0.2 to 0.3 | 434 | 6.4% | |
| 0.3 to 0.4 | 610 | 9.0% | |
| 0.4 to 0.5 | 610 | 9.0% | |
| 0.5 to 0.6 | 768 | 11.3% | |
| 0.6 to 0.7 | 767 | 11.3% | |
| 0.7 to 0.8 | 513 | 7.5% | |
| 0.8 to 0.9 | 513 | 7.5% | |
| 0.9 to 1.0 | 64 | 0.9% |
Frequently asked questions
What is the average correlation of VBTX?
Veritex Holdings, Inc. (VBTX) has an average correlation of about 0.291 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VBTX positively correlated with other stocks?
Mostly yes — 74.7% of pairs are positive and 25.3% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for VBTX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.9% of all pairs.
Explore the full interactive correlation distribution for VBTX.
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