Qwest Corporation 6.5% Notes due 2056 (CTBB) Correlation Distribution
Across 6,809 rolling correlation observations between Qwest Corporation 6.5% Notes due 2056 (CTBB) and other NASDAQ-listed stocks, 67.4% are positive and 32.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.8% and strong negative correlations (≤−0.7) for 6.2%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.4%
- Strong positive (≥0.7)
- 24.8%
- Sector
- Telephone Communications (No Radiotelephone)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 74 | 1.1% | |
| -0.9 to -0.8 | 176 | 2.6% | |
| -0.8 to -0.7 | 175 | 2.6% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 254 | 3.7% | |
| -0.4 to -0.3 | 253 | 3.7% | |
| -0.3 to -0.2 | 235 | 3.5% | |
| -0.2 to -0.1 | 235 | 3.5% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 335 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 754 | 11.1% | |
| 0.6 to 0.7 | 754 | 11.1% | |
| 0.7 to 0.8 | 825 | 12.1% | |
| 0.8 to 0.9 | 825 | 12.1% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of CTBB?
Qwest Corporation 6.5% Notes due 2056 (CTBB) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CTBB positively correlated with other stocks?
Mostly yes — 67.4% of pairs are positive and 32.6% are negative. Strong positive correlations (≥0.7) make up 24.8%.
What is the most common correlation range for CTBB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for CTBB.
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