Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 (AQNB) Correlation Distribution
Across 6,809 rolling correlation observations between Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 (AQNB) and other NASDAQ-listed stocks, 69.1% are positive and 30.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.263, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.3% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- 0.263
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.1%
- Strong positive (≥0.7)
- 23.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 102 | 1.5% | |
| -0.8 to -0.7 | 102 | 1.5% | |
| -0.7 to -0.6 | 179 | 2.6% | |
| -0.6 to -0.5 | 178 | 2.6% | |
| -0.5 to -0.4 | 283 | 4.2% | |
| -0.4 to -0.3 | 282 | 4.1% | |
| -0.3 to -0.2 | 329 | 4.8% | |
| -0.2 to -0.1 | 328 | 4.8% | |
| -0.1 to 0.0 | 314 | 4.6% | |
| 0.0 to 0.1 | 313 | 4.6% | |
| 0.1 to 0.2 | 319 | 4.7% | |
| 0.2 to 0.3 | 318 | 4.7% | |
| 0.3 to 0.4 | 436 | 6.4% | |
| 0.4 to 0.5 | 436 | 6.4% | |
| 0.5 to 0.6 | 647 | 9.5% | |
| 0.6 to 0.7 | 646 | 9.5% | |
| 0.7 to 0.8 | 759 | 11.1% | |
| 0.8 to 0.9 | 758 | 11.1% | |
| 0.9 to 1.0 | 71 | 1.0% |
Frequently asked questions
What is the average correlation of AQNB?
Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 (AQNB) has an average correlation of about 0.263 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AQNB positively correlated with other stocks?
Mostly yes — 69.1% of pairs are positive and 30.9% are negative. Strong positive correlations (≥0.7) make up 23.3%.
What is the most common correlation range for AQNB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for AQNB.
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