DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080 (DTB) Correlation Distribution
Across 6,808 rolling correlation observations between DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080 (DTB) and other NASDAQ-listed stocks, 69.9% are positive and 30.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.295, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.1% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,808
- Mean correlation
- 0.295
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.9%
- Strong positive (≥0.7)
- 31.1%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 69 | 1.0% | |
| -0.8 to -0.7 | 68 | 1.0% | |
| -0.7 to -0.6 | 259 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 290 | 4.3% | |
| -0.4 to -0.3 | 290 | 4.3% | |
| -0.3 to -0.2 | 276 | 4.1% | |
| -0.2 to -0.1 | 276 | 4.1% | |
| -0.1 to 0.0 | 258 | 3.8% | |
| 0.0 to 0.1 | 257 | 3.8% | |
| 0.1 to 0.2 | 297 | 4.4% | |
| 0.2 to 0.3 | 296 | 4.3% | |
| 0.3 to 0.4 | 350 | 5.1% | |
| 0.4 to 0.5 | 349 | 5.1% | |
| 0.5 to 0.6 | 547 | 8.0% | |
| 0.6 to 0.7 | 547 | 8.0% | |
| 0.7 to 0.8 | 964 | 14.2% | |
| 0.8 to 0.9 | 963 | 14.1% | |
| 0.9 to 1.0 | 188 | 2.8% |
Frequently asked questions
What is the average correlation of DTB?
DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080 (DTB) has an average correlation of about 0.295 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is DTB positively correlated with other stocks?
Mostly yes — 69.9% of pairs are positive and 30.1% are negative. Strong positive correlations (≥0.7) make up 31.1%.
What is the most common correlation range for DTB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for DTB.
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