Popular, Inc. Popular Capital Tr II 6.125% (BPOPM) Correlation Distribution
Across 6,727 rolling correlation observations between Popular, Inc. Popular Capital Tr II 6.125% (BPOPM) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.164, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,727
- Mean correlation
- 0.164
- Most common range
- 0.3 to 0.4
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 0%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 32 | 0.5% | |
| -0.6 to -0.5 | 32 | 0.5% | |
| -0.5 to -0.4 | 147 | 2.2% | |
| -0.4 to -0.3 | 147 | 2.2% | |
| -0.3 to -0.2 | 536 | 8.0% | |
| -0.2 to -0.1 | 536 | 8.0% | |
| -0.1 to 0.0 | 502 | 7.5% | |
| 0.0 to 0.1 | 502 | 7.5% | |
| 0.1 to 0.2 | 836 | 12.4% | |
| 0.2 to 0.3 | 835 | 12.4% | |
| 0.3 to 0.4 | 1,086 | 16.1% | |
| 0.4 to 0.5 | 1,086 | 16.1% | |
| 0.5 to 0.6 | 225 | 3.3% | |
| 0.6 to 0.7 | 224 | 3.3% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BPOPM?
Popular, Inc. Popular Capital Tr II 6.125% (BPOPM) has an average correlation of about 0.164 with other NASDAQ stocks, based on 6,727 pairwise observations.
Is BPOPM positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for BPOPM?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 55.7% of all pairs.
Explore the full interactive correlation distribution for BPOPM.
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