Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) Correlation Distribution
Across 6,809 rolling correlation observations between Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) and other NASDAQ-listed stocks, 66.8% are positive and 33.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.243, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,809
- Mean correlation
- 0.243
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.8%
- Strong positive (≥0.7)
- 31%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 215 | 3.2% | |
| -0.8 to -0.7 | 214 | 3.1% | |
| -0.7 to -0.6 | 337 | 4.9% | |
| -0.6 to -0.5 | 337 | 4.9% | |
| -0.5 to -0.4 | 248 | 3.6% | |
| -0.4 to -0.3 | 247 | 3.6% | |
| -0.3 to -0.2 | 217 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 272 | 4.0% | |
| 0.2 to 0.3 | 271 | 4.0% | |
| 0.3 to 0.4 | 324 | 4.8% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 513 | 7.5% | |
| 0.6 to 0.7 | 513 | 7.5% | |
| 0.7 to 0.8 | 999 | 14.7% | |
| 0.8 to 0.9 | 998 | 14.7% | |
| 0.9 to 1.0 | 111 | 1.6% |
Frequently asked questions
What is the average correlation of ELC?
Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) has an average correlation of about 0.243 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ELC positively correlated with other stocks?
Mostly yes — 66.8% of pairs are positive and 33.2% are negative. Strong positive correlations (≥0.7) make up 31%.
What is the most common correlation range for ELC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for ELC.
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