Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (VLYPP) Correlation Distribution
Across 6,809 rolling correlation observations between Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (VLYPP) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.271, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.6% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- 0.271
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 17.6%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 71 | 1.0% | |
| -0.8 to -0.7 | 71 | 1.0% | |
| -0.7 to -0.6 | 196 | 2.9% | |
| -0.6 to -0.5 | 195 | 2.9% | |
| -0.5 to -0.4 | 282 | 4.1% | |
| -0.4 to -0.3 | 282 | 4.1% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 277 | 4.1% | |
| 0.0 to 0.1 | 276 | 4.1% | |
| 0.1 to 0.2 | 329 | 4.8% | |
| 0.2 to 0.3 | 328 | 4.8% | |
| 0.3 to 0.4 | 447 | 6.6% | |
| 0.4 to 0.5 | 447 | 6.6% | |
| 0.5 to 0.6 | 908 | 13.3% | |
| 0.6 to 0.7 | 907 | 13.3% | |
| 0.7 to 0.8 | 589 | 8.7% | |
| 0.8 to 0.9 | 588 | 8.6% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of VLYPP?
Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (VLYPP) has an average correlation of about 0.271 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VLYPP positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 17.6%.
What is the most common correlation range for VLYPP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.4% of all pairs.
Explore the full interactive correlation distribution for VLYPP.
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