AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 7.75% Series G Fixed-Rate Reset Cumulative Redeemable Preferred Stock (AGNCL) Correlation Distribution
Across 6,530 rolling correlation observations between AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 7.75% Series G Fixed-Rate Reset Cumulative Redeemable Preferred Stock (AGNCL) and other NASDAQ-listed stocks, 54.3% are positive and 45.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.083, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 21.5% and strong negative correlations (≤−0.7) for 7.6%.
- Total observations
- 6,530
- Mean correlation
- 0.083
- Most common range
- 0.7 to 0.8
- Positive pairs
- 54.3%
- Strong positive (≥0.7)
- 21.5%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 248 | 3.8% | |
| -0.8 to -0.7 | 247 | 3.8% | |
| -0.7 to -0.6 | 531 | 8.1% | |
| -0.6 to -0.5 | 530 | 8.1% | |
| -0.5 to -0.4 | 352 | 5.4% | |
| -0.4 to -0.3 | 352 | 5.4% | |
| -0.3 to -0.2 | 244 | 3.7% | |
| -0.2 to -0.1 | 243 | 3.7% | |
| -0.1 to 0.0 | 234 | 3.6% | |
| 0.0 to 0.1 | 234 | 3.6% | |
| 0.1 to 0.2 | 254 | 3.9% | |
| 0.2 to 0.3 | 254 | 3.9% | |
| 0.3 to 0.4 | 304 | 4.7% | |
| 0.4 to 0.5 | 303 | 4.6% | |
| 0.5 to 0.6 | 397 | 6.1% | |
| 0.6 to 0.7 | 396 | 6.1% | |
| 0.7 to 0.8 | 681 | 10.4% | |
| 0.8 to 0.9 | 680 | 10.4% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of AGNCL?
AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 7.75% Series G Fixed-Rate Reset Cumulative Redeemable Preferred Stock (AGNCL) has an average correlation of about 0.083 with other NASDAQ stocks, based on 6,530 pairwise observations.
Is AGNCL positively correlated with other stocks?
Mostly yes — 54.3% of pairs are positive and 45.7% are negative. Strong positive correlations (≥0.7) make up 21.5%.
What is the most common correlation range for AGNCL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.4% of all pairs.
Explore the full interactive correlation distribution for AGNCL.
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