Carlyle Secured Lending, Inc. Common Stock (CGBD) Correlation Distribution
Across 6,809 rolling correlation observations between Carlyle Secured Lending, Inc. Common Stock (CGBD) and other NASDAQ-listed stocks, 43.9% are positive and 56.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.019, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,809
- Mean correlation
- -0.019
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.9%
- Strong positive (≥0.7)
- 13.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 162 | 2.4% | |
| -0.8 to -0.7 | 161 | 2.4% | |
| -0.7 to -0.6 | 598 | 8.8% | |
| -0.6 to -0.5 | 598 | 8.8% | |
| -0.5 to -0.4 | 630 | 9.3% | |
| -0.4 to -0.3 | 629 | 9.2% | |
| -0.3 to -0.2 | 385 | 5.7% | |
| -0.2 to -0.1 | 384 | 5.6% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 259 | 3.8% | |
| 0.2 to 0.3 | 259 | 3.8% | |
| 0.3 to 0.4 | 272 | 4.0% | |
| 0.4 to 0.5 | 272 | 4.0% | |
| 0.5 to 0.6 | 361 | 5.3% | |
| 0.6 to 0.7 | 360 | 5.3% | |
| 0.7 to 0.8 | 456 | 6.7% | |
| 0.8 to 0.9 | 456 | 6.7% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of CGBD?
Carlyle Secured Lending, Inc. Common Stock (CGBD) has an average correlation of about -0.019 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CGBD positively correlated with other stocks?
Not predominantly — 43.9% of pairs are positive and 56.1% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for CGBD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for CGBD.
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