Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) Correlation Distribution
Across 6,808 rolling correlation observations between Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.209, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,808
- Mean correlation
- 0.209
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 16.9%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 118 | 1.7% | |
| -0.8 to -0.7 | 118 | 1.7% | |
| -0.7 to -0.6 | 353 | 5.2% | |
| -0.6 to -0.5 | 353 | 5.2% | |
| -0.5 to -0.4 | 300 | 4.4% | |
| -0.4 to -0.3 | 300 | 4.4% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 245 | 3.6% | |
| 0.0 to 0.1 | 245 | 3.6% | |
| 0.1 to 0.2 | 322 | 4.7% | |
| 0.2 to 0.3 | 322 | 4.7% | |
| 0.3 to 0.4 | 414 | 6.1% | |
| 0.4 to 0.5 | 414 | 6.1% | |
| 0.5 to 0.6 | 826 | 12.1% | |
| 0.6 to 0.7 | 825 | 12.1% | |
| 0.7 to 0.8 | 570 | 8.4% | |
| 0.8 to 0.9 | 569 | 8.4% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of ENO?
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) has an average correlation of about 0.209 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is ENO positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for ENO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24% of all pairs.
Explore the full interactive correlation distribution for ENO.
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