Eagle Point Income Company Inc. 5.00% Series A Term Preferred Stock due 2026 (EICA) Correlation Distribution
Across 6,738 rolling correlation observations between Eagle Point Income Company Inc. 5.00% Series A Term Preferred Stock due 2026 (EICA) 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 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,738
- Mean correlation
- 0.306
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.8%
- Strong positive (≥0.7)
- 13.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 71 | 1.1% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 181 | 2.7% | |
| -0.4 to -0.3 | 180 | 2.7% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 420 | 6.2% | |
| 0.0 to 0.1 | 419 | 6.2% | |
| 0.1 to 0.2 | 497 | 7.4% | |
| 0.2 to 0.3 | 496 | 7.4% | |
| 0.3 to 0.4 | 654 | 9.7% | |
| 0.4 to 0.5 | 654 | 9.7% | |
| 0.5 to 0.6 | 801 | 11.9% | |
| 0.6 to 0.7 | 800 | 11.9% | |
| 0.7 to 0.8 | 461 | 6.8% | |
| 0.8 to 0.9 | 460 | 6.8% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of EICA?
Eagle Point Income Company Inc. 5.00% Series A Term Preferred Stock due 2026 (EICA) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,738 pairwise observations.
Is EICA 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 13.7%.
What is the most common correlation range for EICA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.2% of all pairs.
Explore the full interactive correlation distribution for EICA.
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