Eagle Point Credit Company Inc. 6.6875% Notes due 2028 (ECCX) Correlation Distribution
Across 6,803 rolling correlation observations between Eagle Point Credit Company Inc. 6.6875% Notes due 2028 (ECCX) and other NASDAQ-listed stocks, 77.8% are positive and 22.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.289, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.4% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,803
- Mean correlation
- 0.289
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.8%
- Strong positive (≥0.7)
- 7.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 84 | 1.2% | |
| -0.6 to -0.5 | 83 | 1.2% | |
| -0.5 to -0.4 | 155 | 2.3% | |
| -0.4 to -0.3 | 155 | 2.3% | |
| -0.3 to -0.2 | 290 | 4.3% | |
| -0.2 to -0.1 | 290 | 4.3% | |
| -0.1 to 0.0 | 409 | 6.0% | |
| 0.0 to 0.1 | 409 | 6.0% | |
| 0.1 to 0.2 | 470 | 6.9% | |
| 0.2 to 0.3 | 469 | 6.9% | |
| 0.3 to 0.4 | 789 | 11.6% | |
| 0.4 to 0.5 | 788 | 11.6% | |
| 0.5 to 0.6 | 931 | 13.7% | |
| 0.6 to 0.7 | 930 | 13.7% | |
| 0.7 to 0.8 | 253 | 3.7% | |
| 0.8 to 0.9 | 252 | 3.7% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ECCX?
Eagle Point Credit Company Inc. 6.6875% Notes due 2028 (ECCX) has an average correlation of about 0.289 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is ECCX positively correlated with other stocks?
Mostly yes — 77.8% of pairs are positive and 22.2% are negative. Strong positive correlations (≥0.7) make up 7.4%.
What is the most common correlation range for ECCX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.4% of all pairs.
Explore the full interactive correlation distribution for ECCX.
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