Entergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 2052 (ENJ) Correlation Distribution
Across 6,747 rolling correlation observations between Entergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 2052 (ENJ) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.246, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.7% and strong negative correlations (≤−0.7) for 7%.
- Total observations
- 6,747
- Mean correlation
- 0.246
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 28.7%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 236 | 3.5% | |
| -0.8 to -0.7 | 235 | 3.5% | |
| -0.7 to -0.6 | 317 | 4.7% | |
| -0.6 to -0.5 | 316 | 4.7% | |
| -0.5 to -0.4 | 220 | 3.3% | |
| -0.4 to -0.3 | 220 | 3.3% | |
| -0.3 to -0.2 | 209 | 3.1% | |
| -0.2 to -0.1 | 208 | 3.1% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 252 | 3.7% | |
| 0.2 to 0.3 | 252 | 3.7% | |
| 0.3 to 0.4 | 328 | 4.9% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 633 | 9.4% | |
| 0.6 to 0.7 | 633 | 9.4% | |
| 0.7 to 0.8 | 950 | 14.1% | |
| 0.8 to 0.9 | 950 | 14.1% | |
| 0.9 to 1.0 | 39 | 0.6% |
Frequently asked questions
What is the average correlation of ENJ?
Entergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 2052 (ENJ) has an average correlation of about 0.246 with other NASDAQ stocks, based on 6,747 pairwise observations.
Is ENJ positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 28.7%.
What is the most common correlation range for ENJ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for ENJ.
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