Angel Oak Financial Strategies Income Term Trust (FINS) Correlation Distribution
Across 6,809 rolling correlation observations between Angel Oak Financial Strategies Income Term Trust (FINS) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.292, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.9% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,809
- Mean correlation
- 0.292
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 37.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 193 | 2.8% | |
| -0.8 to -0.7 | 192 | 2.8% | |
| -0.7 to -0.6 | 306 | 4.5% | |
| -0.6 to -0.5 | 305 | 4.5% | |
| -0.5 to -0.4 | 263 | 3.9% | |
| -0.4 to -0.3 | 262 | 3.8% | |
| -0.3 to -0.2 | 237 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 263 | 3.9% | |
| 0.4 to 0.5 | 263 | 3.9% | |
| 0.5 to 0.6 | 428 | 6.3% | |
| 0.6 to 0.7 | 427 | 6.3% | |
| 0.7 to 0.8 | 972 | 14.3% | |
| 0.8 to 0.9 | 972 | 14.3% | |
| 0.9 to 1.0 | 634 | 9.3% |
Frequently asked questions
What is the average correlation of FINS?
Angel Oak Financial Strategies Income Term Trust (FINS) has an average correlation of about 0.292 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FINS positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 37.9%.
What is the most common correlation range for FINS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for FINS.
Open interactive dashboard →