Enstar Group (ESGR) Correlation Distribution
Across 6,809 rolling correlation observations between Enstar Group (ESGR) and other NASDAQ-listed stocks, 45% are positive and 55% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,809
- Mean correlation
- 0.007
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45%
- Strong positive (≥0.7)
- 15.7%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 152 | 2.2% | |
| -0.8 to -0.7 | 152 | 2.2% | |
| -0.7 to -0.6 | 471 | 6.9% | |
| -0.6 to -0.5 | 470 | 6.9% | |
| -0.5 to -0.4 | 643 | 9.4% | |
| -0.4 to -0.3 | 643 | 9.4% | |
| -0.3 to -0.2 | 450 | 6.6% | |
| -0.2 to -0.1 | 450 | 6.6% | |
| -0.1 to 0.0 | 308 | 4.5% | |
| 0.0 to 0.1 | 307 | 4.5% | |
| 0.1 to 0.2 | 284 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 254 | 3.7% | |
| 0.4 to 0.5 | 254 | 3.7% | |
| 0.5 to 0.6 | 306 | 4.5% | |
| 0.6 to 0.7 | 305 | 4.5% | |
| 0.7 to 0.8 | 485 | 7.1% | |
| 0.8 to 0.9 | 484 | 7.1% | |
| 0.9 to 1.0 | 100 | 1.5% |
Frequently asked questions
What is the average correlation of ESGR?
Enstar Group (ESGR) has an average correlation of about 0.007 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ESGR positively correlated with other stocks?
Not predominantly — 45% of pairs are positive and 55% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for ESGR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for ESGR.
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