Zions Bancorporation, N.A. Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock) (ZIONP) Correlation Distribution
Across 6,791 rolling correlation observations between Zions Bancorporation, N.A. Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock) (ZIONP) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.272, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,791
- Mean correlation
- 0.272
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 16%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 218 | 3.2% | |
| -0.4 to -0.3 | 218 | 3.2% | |
| -0.3 to -0.2 | 309 | 4.6% | |
| -0.2 to -0.1 | 309 | 4.6% | |
| -0.1 to 0.0 | 371 | 5.5% | |
| 0.0 to 0.1 | 371 | 5.5% | |
| 0.1 to 0.2 | 413 | 6.1% | |
| 0.2 to 0.3 | 412 | 6.1% | |
| 0.3 to 0.4 | 538 | 7.9% | |
| 0.4 to 0.5 | 537 | 7.9% | |
| 0.5 to 0.6 | 791 | 11.6% | |
| 0.6 to 0.7 | 791 | 11.6% | |
| 0.7 to 0.8 | 520 | 7.7% | |
| 0.8 to 0.9 | 520 | 7.7% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of ZIONP?
Zions Bancorporation, N.A. Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock) (ZIONP) has an average correlation of about 0.272 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is ZIONP positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for ZIONP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.2% of all pairs.
Explore the full interactive correlation distribution for ZIONP.
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