AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (AGNCP) Correlation Distribution
Across 6,809 rolling correlation observations between AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (AGNCP) and other NASDAQ-listed stocks, 77.3% are positive and 22.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.244, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- 0.244
- Most common range
- 0.3 to 0.4
- Positive pairs
- 77.3%
- Strong positive (≥0.7)
- 8.8%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 106 | 1.6% | |
| -0.6 to -0.5 | 106 | 1.6% | |
| -0.5 to -0.4 | 154 | 2.3% | |
| -0.4 to -0.3 | 154 | 2.3% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 405 | 5.9% | |
| 0.0 to 0.1 | 404 | 5.9% | |
| 0.1 to 0.2 | 718 | 10.5% | |
| 0.2 to 0.3 | 718 | 10.5% | |
| 0.3 to 0.4 | 878 | 12.9% | |
| 0.4 to 0.5 | 877 | 12.9% | |
| 0.5 to 0.6 | 537 | 7.9% | |
| 0.6 to 0.7 | 536 | 7.9% | |
| 0.7 to 0.8 | 284 | 4.2% | |
| 0.8 to 0.9 | 284 | 4.2% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of AGNCP?
AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (AGNCP) has an average correlation of about 0.244 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AGNCP positively correlated with other stocks?
Mostly yes — 77.3% of pairs are positive and 22.7% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for AGNCP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 40.1% of all pairs.
Explore the full interactive correlation distribution for AGNCP.
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