Enact Holdings, Inc. Common Stock (ACT) Correlation Distribution
Across 6,805 rolling correlation observations between Enact Holdings, Inc. Common Stock (ACT) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.11, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.1% and strong negative correlations (≤−0.7) for 12%.
- Total observations
- 6,805
- Mean correlation
- -0.11
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 13.1%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 401 | 5.9% | |
| -0.8 to -0.7 | 401 | 5.9% | |
| -0.7 to -0.6 | 707 | 10.4% | |
| -0.6 to -0.5 | 706 | 10.4% | |
| -0.5 to -0.4 | 547 | 8.0% | |
| -0.4 to -0.3 | 547 | 8.0% | |
| -0.3 to -0.2 | 352 | 5.2% | |
| -0.2 to -0.1 | 351 | 5.2% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 221 | 3.2% | |
| 0.4 to 0.5 | 220 | 3.2% | |
| 0.5 to 0.6 | 282 | 4.1% | |
| 0.6 to 0.7 | 282 | 4.1% | |
| 0.7 to 0.8 | 407 | 6.0% | |
| 0.8 to 0.9 | 406 | 6.0% | |
| 0.9 to 1.0 | 79 | 1.2% |
Frequently asked questions
What is the average correlation of ACT?
Enact Holdings, Inc. Common Stock (ACT) has an average correlation of about -0.11 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is ACT positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 13.1%.
What is the most common correlation range for ACT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for ACT.
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