Qwest Corporation 6.75% Notes due 2057 (CTDD) Correlation Distribution
Across 6,809 rolling correlation observations between Qwest Corporation 6.75% Notes due 2057 (CTDD) and other NASDAQ-listed stocks, 67.3% are positive and 32.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.238, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.5% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,809
- Mean correlation
- 0.238
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.3%
- Strong positive (≥0.7)
- 25.5%
- Sector
- Telephone Communications (No Radiotelephone)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 75 | 1.1% | |
| -0.9 to -0.8 | 189 | 2.8% | |
| -0.8 to -0.7 | 189 | 2.8% | |
| -0.7 to -0.6 | 288 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 252 | 3.7% | |
| -0.4 to -0.3 | 251 | 3.7% | |
| -0.3 to -0.2 | 228 | 3.3% | |
| -0.2 to -0.1 | 228 | 3.3% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 241 | 3.5% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 329 | 4.8% | |
| 0.4 to 0.5 | 329 | 4.8% | |
| 0.5 to 0.6 | 735 | 10.8% | |
| 0.6 to 0.7 | 734 | 10.8% | |
| 0.7 to 0.8 | 843 | 12.4% | |
| 0.8 to 0.9 | 842 | 12.4% | |
| 0.9 to 1.0 | 48 | 0.7% |
Frequently asked questions
What is the average correlation of CTDD?
Qwest Corporation 6.75% Notes due 2057 (CTDD) has an average correlation of about 0.238 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CTDD positively correlated with other stocks?
Mostly yes — 67.3% of pairs are positive and 32.7% are negative. Strong positive correlations (≥0.7) make up 25.5%.
What is the most common correlation range for CTDD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for CTDD.
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