Essent Group LTD (ESNT) Correlation Distribution
Across 6,809 rolling correlation observations between Essent Group LTD (ESNT) and other NASDAQ-listed stocks, 45.1% are positive and 54.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,809
- Mean correlation
- 0.017
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.1%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Surety Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 118 | 1.7% | |
| -0.8 to -0.7 | 118 | 1.7% | |
| -0.7 to -0.6 | 351 | 5.2% | |
| -0.6 to -0.5 | 351 | 5.2% | |
| -0.5 to -0.4 | 654 | 9.6% | |
| -0.4 to -0.3 | 653 | 9.6% | |
| -0.3 to -0.2 | 580 | 8.5% | |
| -0.2 to -0.1 | 580 | 8.5% | |
| -0.1 to 0.0 | 328 | 4.8% | |
| 0.0 to 0.1 | 328 | 4.8% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 309 | 4.5% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 268 | 3.9% | |
| 0.5 to 0.6 | 344 | 5.1% | |
| 0.6 to 0.7 | 344 | 5.1% | |
| 0.7 to 0.8 | 428 | 6.3% | |
| 0.8 to 0.9 | 428 | 6.3% | |
| 0.9 to 1.0 | 48 | 0.7% |
Frequently asked questions
What is the average correlation of ESNT?
Essent Group LTD (ESNT) has an average correlation of about 0.017 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ESNT positively correlated with other stocks?
Not predominantly — 45.1% of pairs are positive and 54.9% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for ESNT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.7% of all pairs.
Explore the full interactive correlation distribution for ESNT.
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