Synthetic Fixed-Income Sec STRATS 2004-06, 6.375% US Cellular Corp. (GJH) Correlation Distribution
Across 6,578 rolling correlation observations between Synthetic Fixed-Income Sec STRATS 2004-06, 6.375% US Cellular Corp. (GJH) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.4% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,578
- Mean correlation
- 0.27
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 17.4%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 184 | 2.8% | |
| -0.6 to -0.5 | 184 | 2.8% | |
| -0.5 to -0.4 | 258 | 3.9% | |
| -0.4 to -0.3 | 258 | 3.9% | |
| -0.3 to -0.2 | 292 | 4.4% | |
| -0.2 to -0.1 | 292 | 4.4% | |
| -0.1 to 0.0 | 290 | 4.4% | |
| 0.0 to 0.1 | 290 | 4.4% | |
| 0.1 to 0.2 | 296 | 4.5% | |
| 0.2 to 0.3 | 295 | 4.5% | |
| 0.3 to 0.4 | 456 | 6.9% | |
| 0.4 to 0.5 | 456 | 6.9% | |
| 0.5 to 0.6 | 867 | 13.2% | |
| 0.6 to 0.7 | 866 | 13.2% | |
| 0.7 to 0.8 | 559 | 8.5% | |
| 0.8 to 0.9 | 559 | 8.5% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of GJH?
Synthetic Fixed-Income Sec STRATS 2004-06, 6.375% US Cellular Corp. (GJH) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,578 pairwise observations.
Is GJH positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 17.4%.
What is the most common correlation range for GJH?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for GJH.
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