The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) Correlation Distribution
Across 6,806 rolling correlation observations between The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) and other NASDAQ-listed stocks, 73% are positive and 27% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.357, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,806
- Mean correlation
- 0.357
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73%
- Strong positive (≥0.7)
- 36%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 132 | 1.9% | |
| -0.6 to -0.5 | 132 | 1.9% | |
| -0.5 to -0.4 | 273 | 4.0% | |
| -0.4 to -0.3 | 272 | 4.0% | |
| -0.3 to -0.2 | 335 | 4.9% | |
| -0.2 to -0.1 | 334 | 4.9% | |
| -0.1 to 0.0 | 310 | 4.6% | |
| 0.0 to 0.1 | 309 | 4.5% | |
| 0.1 to 0.2 | 301 | 4.4% | |
| 0.2 to 0.3 | 300 | 4.4% | |
| 0.3 to 0.4 | 327 | 4.8% | |
| 0.4 to 0.5 | 326 | 4.8% | |
| 0.5 to 0.6 | 479 | 7.0% | |
| 0.6 to 0.7 | 479 | 7.0% | |
| 0.7 to 0.8 | 1,010 | 14.8% | |
| 0.8 to 0.9 | 1,009 | 14.8% | |
| 0.9 to 1.0 | 431 | 6.3% |
Frequently asked questions
What is the average correlation of CGABL?
The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) has an average correlation of about 0.357 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CGABL positively correlated with other stocks?
Mostly yes — 73% of pairs are positive and 27% are negative. Strong positive correlations (≥0.7) make up 36%.
What is the most common correlation range for CGABL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for CGABL.
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