Synthetic Fixed-Income Securities, Inc. 4.65% Floating Rate STRATS Certificates, Series 2005-4 (GJO) Correlation Distribution
Across 6,489 rolling correlation observations between Synthetic Fixed-Income Securities, Inc. 4.65% Floating Rate STRATS Certificates, Series 2005-4 (GJO) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.111, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.6% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,489
- Mean correlation
- -0.111
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 10.6%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 264 | 4.1% | |
| -0.8 to -0.7 | 263 | 4.1% | |
| -0.7 to -0.6 | 748 | 11.5% | |
| -0.6 to -0.5 | 747 | 11.5% | |
| -0.5 to -0.4 | 604 | 9.3% | |
| -0.4 to -0.3 | 604 | 9.3% | |
| -0.3 to -0.2 | 291 | 4.5% | |
| -0.2 to -0.1 | 290 | 4.5% | |
| -0.1 to 0.0 | 219 | 3.4% | |
| 0.0 to 0.1 | 218 | 3.4% | |
| 0.1 to 0.2 | 235 | 3.6% | |
| 0.2 to 0.3 | 234 | 3.6% | |
| 0.3 to 0.4 | 231 | 3.6% | |
| 0.4 to 0.5 | 230 | 3.5% | |
| 0.5 to 0.6 | 311 | 4.8% | |
| 0.6 to 0.7 | 310 | 4.8% | |
| 0.7 to 0.8 | 331 | 5.1% | |
| 0.8 to 0.9 | 331 | 5.1% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of GJO?
Synthetic Fixed-Income Securities, Inc. 4.65% Floating Rate STRATS Certificates, Series 2005-4 (GJO) has an average correlation of about -0.111 with other NASDAQ stocks, based on 6,489 pairwise observations.
Is GJO positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 10.6%.
What is the most common correlation range for GJO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for GJO.
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