Enstar Group Limited Depositary Shares Each Representing 1/1000th of an interest in Preference Shares (ESGRP) Correlation Distribution
Across 6,809 rolling correlation observations between Enstar Group Limited Depositary Shares Each Representing 1/1000th of an interest in Preference Shares (ESGRP) and other NASDAQ-listed stocks, 67.3% are positive and 32.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.8% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- 0.254
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.3%
- Strong positive (≥0.7)
- 26.8%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 72 | 1.1% | |
| -0.8 to -0.7 | 71 | 1.0% | |
| -0.7 to -0.6 | 335 | 4.9% | |
| -0.6 to -0.5 | 334 | 4.9% | |
| -0.5 to -0.4 | 317 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 274 | 4.0% | |
| -0.2 to -0.1 | 274 | 4.0% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 358 | 5.3% | |
| 0.4 to 0.5 | 358 | 5.3% | |
| 0.5 to 0.6 | 616 | 9.0% | |
| 0.6 to 0.7 | 616 | 9.0% | |
| 0.7 to 0.8 | 893 | 13.1% | |
| 0.8 to 0.9 | 892 | 13.1% | |
| 0.9 to 1.0 | 43 | 0.6% |
Frequently asked questions
What is the average correlation of ESGRP?
Enstar Group Limited Depositary Shares Each Representing 1/1000th of an interest in Preference Shares (ESGRP) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ESGRP positively correlated with other stocks?
Mostly yes — 67.3% of pairs are positive and 32.7% are negative. Strong positive correlations (≥0.7) make up 26.8%.
What is the most common correlation range for ESGRP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for ESGRP.
Open interactive dashboard →