DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) Correlation Distribution
Across 6,792 rolling correlation observations between DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.264, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.5% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,792
- Mean correlation
- 0.264
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 10.5%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 33 | 0.5% | |
| -0.6 to -0.5 | 32 | 0.5% | |
| -0.5 to -0.4 | 212 | 3.1% | |
| -0.4 to -0.3 | 211 | 3.1% | |
| -0.3 to -0.2 | 453 | 6.7% | |
| -0.2 to -0.1 | 453 | 6.7% | |
| -0.1 to 0.0 | 463 | 6.8% | |
| 0.0 to 0.1 | 462 | 6.8% | |
| 0.1 to 0.2 | 491 | 7.2% | |
| 0.2 to 0.3 | 490 | 7.2% | |
| 0.3 to 0.4 | 605 | 8.9% | |
| 0.4 to 0.5 | 604 | 8.9% | |
| 0.5 to 0.6 | 782 | 11.5% | |
| 0.6 to 0.7 | 782 | 11.5% | |
| 0.7 to 0.8 | 352 | 5.2% | |
| 0.8 to 0.9 | 351 | 5.2% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of DTG?
DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG) has an average correlation of about 0.264 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is DTG positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 10.5%.
What is the most common correlation range for DTG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 41.4% of all pairs.
Explore the full interactive correlation distribution for DTG.
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