Avidbank Holdings, Inc. Common stock (AVBH) — Stock Correlations & Overview
Over the past year, AVBH has moved most closely with QABA, FXNC, CCNE. Explore the stocks most correlated and inversely correlated with AVBH below, along with its price, financials, and company profile.
Stocks correlated with AVBH
Correlation of daily returns. Higher positive values move with AVBH; negative values move opposite it. Informational only, not investment advice.
Most correlated with AVBH
| Symbol | Company | Correlation |
|---|---|---|
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.65 |
| FXNC | FIRST NATL CORP STRASBURG VASTATE COMMERCIAL BANKS | 0.65 |
| CCNE | CNB Financial Corp/PASTATE COMMERCIAL BANKS | 0.64 |
| SHBI | Shore Bancshares IncNATIONAL COMMERCIAL BANKS | 0.64 |
| BFST | Business First Bancshares, Inc. Common StockSTATE COMMERCIAL BANKS | 0.63 |
Most inversely correlated with AVBH
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.63 |
| SDD | ProShares UltraShort SmallCap600 | -0.45 |
| SBB | ProShares Short SmallCap600 | -0.45 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.41 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.39 |
Frequently asked questions about AVBH correlations
- Which stocks are most correlated with AVBH?
- Based on one year of daily returns, the stocks most correlated with Avidbank Holdings, Inc. Common stock (AVBH) are QABA (0.65), FXNC (0.65) and CCNE (0.64). 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 AVBH?
- Over the past year, the stocks most inversely correlated with Avidbank Holdings, Inc. Common stock (AVBH) are SKRE (-0.63), SDD (-0.45) and SBB (-0.45). 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 AVBH correlations calculated?
- We compute the correlation of daily returns between AVBH 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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