Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock due 2031 (ECCC) Correlation Distribution
Across 6,804 rolling correlation observations between Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock due 2031 (ECCC) and other NASDAQ-listed stocks, 73.7% are positive and 26.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.336, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,804
- Mean correlation
- 0.336
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.7%
- Strong positive (≥0.7)
- 30%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 54 | 0.8% | |
| -0.7 to -0.6 | 171 | 2.5% | |
| -0.6 to -0.5 | 171 | 2.5% | |
| -0.5 to -0.4 | 233 | 3.4% | |
| -0.4 to -0.3 | 232 | 3.4% | |
| -0.3 to -0.2 | 303 | 4.5% | |
| -0.2 to -0.1 | 303 | 4.5% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 3.9% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 387 | 5.7% | |
| 0.4 to 0.5 | 386 | 5.7% | |
| 0.5 to 0.6 | 682 | 10.0% | |
| 0.6 to 0.7 | 681 | 10.0% | |
| 0.7 to 0.8 | 981 | 14.4% | |
| 0.8 to 0.9 | 981 | 14.4% | |
| 0.9 to 1.0 | 79 | 1.2% |
Frequently asked questions
What is the average correlation of ECCC?
Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock due 2031 (ECCC) has an average correlation of about 0.336 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is ECCC positively correlated with other stocks?
Mostly yes — 73.7% of pairs are positive and 26.3% are negative. Strong positive correlations (≥0.7) make up 30%.
What is the most common correlation range for ECCC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.2% of all pairs.
Explore the full interactive correlation distribution for ECCC.
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