Fundamental Global Inc. 8.00% Cumulative Preferred Stock (FGFPP) Correlation Distribution
Across 6,743 rolling correlation observations between Fundamental Global Inc. 8.00% Cumulative Preferred Stock (FGFPP) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.7% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,743
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 36.7%
- 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 | 97 | 1.4% | |
| -0.8 to -0.7 | 96 | 1.4% | |
| -0.7 to -0.6 | 282 | 4.2% | |
| -0.6 to -0.5 | 281 | 4.2% | |
| -0.5 to -0.4 | 251 | 3.7% | |
| -0.4 to -0.3 | 250 | 3.7% | |
| -0.3 to -0.2 | 219 | 3.2% | |
| -0.2 to -0.1 | 219 | 3.2% | |
| -0.1 to 0.0 | 245 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 296 | 4.4% | |
| 0.5 to 0.6 | 497 | 7.4% | |
| 0.6 to 0.7 | 496 | 7.4% | |
| 0.7 to 0.8 | 1,173 | 17.4% | |
| 0.8 to 0.9 | 1,172 | 17.4% | |
| 0.9 to 1.0 | 129 | 1.9% |
Frequently asked questions
What is the average correlation of FGFPP?
Fundamental Global Inc. 8.00% Cumulative Preferred Stock (FGFPP) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,743 pairwise observations.
Is FGFPP positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 36.7%.
What is the most common correlation range for FGFPP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for FGFPP.
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