Eagle Point Credit Company Inc .6.75% Notes due 2031 (ECCW) Correlation Distribution
Across 6,756 rolling correlation observations between Eagle Point Credit Company Inc .6.75% Notes due 2031 (ECCW) and other NASDAQ-listed stocks, 74.2% are positive and 25.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.337, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 26.4% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,756
- Mean correlation
- 0.337
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.2%
- Strong positive (≥0.7)
- 26.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 147 | 2.2% | |
| -0.6 to -0.5 | 146 | 2.2% | |
| -0.5 to -0.4 | 246 | 3.6% | |
| -0.4 to -0.3 | 245 | 3.6% | |
| -0.3 to -0.2 | 326 | 4.8% | |
| -0.2 to -0.1 | 325 | 4.8% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 4.0% | |
| 0.1 to 0.2 | 302 | 4.5% | |
| 0.2 to 0.3 | 302 | 4.5% | |
| 0.3 to 0.4 | 391 | 5.8% | |
| 0.4 to 0.5 | 390 | 5.8% | |
| 0.5 to 0.6 | 788 | 11.7% | |
| 0.6 to 0.7 | 787 | 11.6% | |
| 0.7 to 0.8 | 872 | 12.9% | |
| 0.8 to 0.9 | 871 | 12.9% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of ECCW?
Eagle Point Credit Company Inc .6.75% Notes due 2031 (ECCW) has an average correlation of about 0.337 with other NASDAQ stocks, based on 6,756 pairwise observations.
Is ECCW positively correlated with other stocks?
Mostly yes — 74.2% of pairs are positive and 25.8% are negative. Strong positive correlations (≥0.7) make up 26.4%.
What is the most common correlation range for ECCW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for ECCW.
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