Avidia Bancorp, Inc. (AVBC) — Stock Correlations & Overview
Over the past year, AVBC has moved most closely with SYBT, TMP, SRCE. Explore the stocks most correlated and inversely correlated with AVBC below, along with its price, financials, and company profile.
Stocks correlated with AVBC
Correlation of daily returns. Higher positive values move with AVBC; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVBC
| Symbol | Company | Correlation |
|---|---|---|
| SYBT | Stock Yards Bancorp, Inc.STATE COMMERCIAL BANKS | 0.57 |
| TMP | Tompkins Financial CorporationSTATE COMMERCIAL BANKS | 0.56 |
| SRCE | 1st Source CorpSTATE COMMERCIAL BANKS | 0.55 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.55 |
| SHBI | Shore Bancshares IncNATIONAL COMMERCIAL BANKS | 0.54 |
Most inversely correlated with AVBC
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.52 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.38 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.38 |
| SKF | ProShares UltraShort Financials | -0.36 |
| SEF | ProShares Short Financials | -0.35 |
Frequently asked questions about AVBC correlations
- Which stocks are most correlated with AVBC?
- Based on one year of daily returns, the stocks most correlated with Avidia Bancorp, Inc. (AVBC) are SYBT (0.57), TMP (0.56) and SRCE (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AVBC?
- Over the past year, the stocks most inversely correlated with Avidia Bancorp, Inc. (AVBC) are SKRE (-0.52), BNKD (-0.38) and FAZ (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AVBC correlations calculated?
- We compute the correlation of daily returns between AVBC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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