Valley National Bancorp 5.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (VLYPO) Correlation Distribution
Across 6,809 rolling correlation observations between Valley National Bancorp 5.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (VLYPO) and other NASDAQ-listed stocks, 78.3% are positive and 21.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.231, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.231
- Most common range
- 0.3 to 0.4
- Positive pairs
- 78.3%
- Strong positive (≥0.7)
- 0.5%
- Sector
- National 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 | 36 | 0.5% | |
| -0.6 to -0.5 | 36 | 0.5% | |
| -0.5 to -0.4 | 149 | 2.2% | |
| -0.4 to -0.3 | 148 | 2.2% | |
| -0.3 to -0.2 | 290 | 4.3% | |
| -0.2 to -0.1 | 289 | 4.2% | |
| -0.1 to 0.0 | 518 | 7.6% | |
| 0.0 to 0.1 | 517 | 7.6% | |
| 0.1 to 0.2 | 728 | 10.7% | |
| 0.2 to 0.3 | 728 | 10.7% | |
| 0.3 to 0.4 | 1,127 | 16.6% | |
| 0.4 to 0.5 | 1,126 | 16.5% | |
| 0.5 to 0.6 | 535 | 7.9% | |
| 0.6 to 0.7 | 535 | 7.9% | |
| 0.7 to 0.8 | 18 | 0.3% | |
| 0.8 to 0.9 | 17 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of VLYPO?
Valley National Bancorp 5.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (VLYPO) has an average correlation of about 0.231 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VLYPO positively correlated with other stocks?
Mostly yes — 78.3% of pairs are positive and 21.7% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for VLYPO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45.1% of all pairs.
Explore the full interactive correlation distribution for VLYPO.
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