Fidus Investment Corp. (FDUS) Correlation Distribution
Across 6,809 rolling correlation observations between Fidus Investment Corp. (FDUS) and other NASDAQ-listed stocks, 43.9% are positive and 56.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.058, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.1% and strong negative correlations (≤−0.7) for 9.4%.
- Total observations
- 6,809
- Mean correlation
- -0.058
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.9%
- Strong positive (≥0.7)
- 8.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 41 | 0.6% | |
| -0.9 to -0.8 | 300 | 4.4% | |
| -0.8 to -0.7 | 300 | 4.4% | |
| -0.7 to -0.6 | 538 | 7.9% | |
| -0.6 to -0.5 | 538 | 7.9% | |
| -0.5 to -0.4 | 507 | 7.4% | |
| -0.4 to -0.3 | 507 | 7.4% | |
| -0.3 to -0.2 | 397 | 5.8% | |
| -0.2 to -0.1 | 397 | 5.8% | |
| -0.1 to 0.0 | 298 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 308 | 4.5% | |
| 0.2 to 0.3 | 307 | 4.5% | |
| 0.3 to 0.4 | 362 | 5.3% | |
| 0.4 to 0.5 | 362 | 5.3% | |
| 0.5 to 0.6 | 398 | 5.8% | |
| 0.6 to 0.7 | 398 | 5.8% | |
| 0.7 to 0.8 | 270 | 4.0% | |
| 0.8 to 0.9 | 270 | 4.0% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of FDUS?
Fidus Investment Corp. (FDUS) has an average correlation of about -0.058 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FDUS positively correlated with other stocks?
Not predominantly — 43.9% of pairs are positive and 56.1% are negative. Strong positive correlations (≥0.7) make up 8.1%.
What is the most common correlation range for FDUS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for FDUS.
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