Waterstone Financial, Inc. (WSBF) Correlation Distribution
Across 6,809 rolling correlation observations between Waterstone Financial, Inc. (WSBF) and other NASDAQ-listed stocks, 71.5% are positive and 28.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.1% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.5%
- Strong positive (≥0.7)
- 29.1%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 102 | 1.5% | |
| -0.8 to -0.7 | 101 | 1.5% | |
| -0.7 to -0.6 | 268 | 3.9% | |
| -0.6 to -0.5 | 268 | 3.9% | |
| -0.5 to -0.4 | 253 | 3.7% | |
| -0.4 to -0.3 | 253 | 3.7% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 279 | 4.1% | |
| 0.2 to 0.3 | 278 | 4.1% | |
| 0.3 to 0.4 | 362 | 5.3% | |
| 0.4 to 0.5 | 361 | 5.3% | |
| 0.5 to 0.6 | 686 | 10.1% | |
| 0.6 to 0.7 | 686 | 10.1% | |
| 0.7 to 0.8 | 961 | 14.1% | |
| 0.8 to 0.9 | 961 | 14.1% | |
| 0.9 to 1.0 | 60 | 0.9% |
Frequently asked questions
What is the average correlation of WSBF?
Waterstone Financial, Inc. (WSBF) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WSBF positively correlated with other stocks?
Mostly yes — 71.5% of pairs are positive and 28.5% are negative. Strong positive correlations (≥0.7) make up 29.1%.
What is the most common correlation range for WSBF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for WSBF.
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