Enstar Group Limited Depository Shares 7.00% Perpetual Non-Cumulative Preference Shares, Series E (ESGRO) Correlation Distribution
Across 6,809 rolling correlation observations between Enstar Group Limited Depository Shares 7.00% Perpetual Non-Cumulative Preference Shares, Series E (ESGRO) and other NASDAQ-listed stocks, 66.1% are positive and 33.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.218, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24% and strong negative correlations (≤−0.7) for 7%.
- Total observations
- 6,809
- Mean correlation
- 0.218
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.1%
- Strong positive (≥0.7)
- 24%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 236 | 3.5% | |
| -0.8 to -0.7 | 236 | 3.5% | |
| -0.7 to -0.6 | 333 | 4.9% | |
| -0.6 to -0.5 | 332 | 4.9% | |
| -0.5 to -0.4 | 262 | 3.8% | |
| -0.4 to -0.3 | 261 | 3.8% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 196 | 2.9% | |
| 0.1 to 0.2 | 261 | 3.8% | |
| 0.2 to 0.3 | 260 | 3.8% | |
| 0.3 to 0.4 | 356 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 717 | 10.5% | |
| 0.6 to 0.7 | 717 | 10.5% | |
| 0.7 to 0.8 | 803 | 11.8% | |
| 0.8 to 0.9 | 803 | 11.8% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of ESGRO?
Enstar Group Limited Depository Shares 7.00% Perpetual Non-Cumulative Preference Shares, Series E (ESGRO) has an average correlation of about 0.218 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ESGRO positively correlated with other stocks?
Mostly yes — 66.1% of pairs are positive and 33.9% are negative. Strong positive correlations (≥0.7) make up 24%.
What is the most common correlation range for ESGRO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for ESGRO.
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