Federal Agricultural Mortgage Corporation (AGM) Correlation Distribution
Across 6,809 rolling correlation observations between Federal Agricultural Mortgage Corporation (AGM) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.112, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.6% and strong negative correlations (≤−0.7) for 17.1%.
- Total observations
- 6,809
- Mean correlation
- -0.112
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 16.6%
- Sector
- Federal & Federally-Sponsored Credit Agencies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 574 | 8.4% | |
| -0.8 to -0.7 | 573 | 8.4% | |
| -0.7 to -0.6 | 752 | 11.0% | |
| -0.6 to -0.5 | 752 | 11.0% | |
| -0.5 to -0.4 | 404 | 5.9% | |
| -0.4 to -0.3 | 403 | 5.9% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 201 | 3.0% | |
| 0.0 to 0.1 | 200 | 2.9% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 203 | 3.0% | |
| 0.4 to 0.5 | 202 | 3.0% | |
| 0.5 to 0.6 | 256 | 3.8% | |
| 0.6 to 0.7 | 255 | 3.7% | |
| 0.7 to 0.8 | 419 | 6.2% | |
| 0.8 to 0.9 | 419 | 6.2% | |
| 0.9 to 1.0 | 294 | 4.3% |
Frequently asked questions
What is the average correlation of AGM?
Federal Agricultural Mortgage Corporation (AGM) has an average correlation of about -0.112 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AGM positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 16.6%.
What is the most common correlation range for AGM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for AGM.
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