Great Elm Capital Corp. 5.875% Notes due 2026 (GECCO) Correlation Distribution
Across 6,688 rolling correlation observations between Great Elm Capital Corp. 5.875% Notes due 2026 (GECCO) and other NASDAQ-listed stocks, 75.7% are positive and 24.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.287, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,688
- Mean correlation
- 0.287
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.7%
- Strong positive (≥0.7)
- 12.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 68 | 1.0% | |
| -0.8 to -0.7 | 67 | 1.0% | |
| -0.7 to -0.6 | 160 | 2.4% | |
| -0.6 to -0.5 | 159 | 2.4% | |
| -0.5 to -0.4 | 175 | 2.6% | |
| -0.4 to -0.3 | 175 | 2.6% | |
| -0.3 to -0.2 | 250 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 321 | 4.8% | |
| 0.0 to 0.1 | 320 | 4.8% | |
| 0.1 to 0.2 | 395 | 5.9% | |
| 0.2 to 0.3 | 394 | 5.9% | |
| 0.3 to 0.4 | 608 | 9.1% | |
| 0.4 to 0.5 | 607 | 9.1% | |
| 0.5 to 0.6 | 950 | 14.2% | |
| 0.6 to 0.7 | 950 | 14.2% | |
| 0.7 to 0.8 | 419 | 6.3% | |
| 0.8 to 0.9 | 419 | 6.3% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of GECCO?
Great Elm Capital Corp. 5.875% Notes due 2026 (GECCO) has an average correlation of about 0.287 with other NASDAQ stocks, based on 6,688 pairwise observations.
Is GECCO positively correlated with other stocks?
Mostly yes — 75.7% of pairs are positive and 24.3% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for GECCO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.8% of all pairs.
Explore the full interactive correlation distribution for GECCO.
Open interactive dashboard →