Synthetic Fixed Income Securities on the behalf of STRATS for Dominion Resources Series 2005-6 (GJP) Correlation Distribution
Across 5,937 rolling correlation observations between Synthetic Fixed Income Securities on the behalf of STRATS for Dominion Resources Series 2005-6 (GJP) and other NASDAQ-listed stocks, 52.9% are positive and 47.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 5,937
- Mean correlation
- 0.034
- Most common range
- -0.1 to 0.0
- Positive pairs
- 52.9%
- Strong positive (≥0.7)
- 0.1%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.2% | |
| -0.8 to -0.7 | 9 | 0.2% | |
| -0.7 to -0.6 | 83 | 1.4% | |
| -0.6 to -0.5 | 83 | 1.4% | |
| -0.5 to -0.4 | 261 | 4.4% | |
| -0.4 to -0.3 | 261 | 4.4% | |
| -0.3 to -0.2 | 622 | 10.5% | |
| -0.2 to -0.1 | 622 | 10.5% | |
| -0.1 to 0.0 | 848 | 14.3% | |
| 0.0 to 0.1 | 847 | 14.3% | |
| 0.1 to 0.2 | 504 | 8.5% | |
| 0.2 to 0.3 | 503 | 8.5% | |
| 0.3 to 0.4 | 503 | 8.5% | |
| 0.4 to 0.5 | 503 | 8.5% | |
| 0.5 to 0.6 | 138 | 2.3% | |
| 0.6 to 0.7 | 138 | 2.3% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GJP?
Synthetic Fixed Income Securities on the behalf of STRATS for Dominion Resources Series 2005-6 (GJP) has an average correlation of about 0.034 with other NASDAQ stocks, based on 5,937 pairwise observations.
Is GJP positively correlated with other stocks?
Mostly yes — 52.9% of pairs are positive and 47.1% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for GJP?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 66.5% of all pairs.
Explore the full interactive correlation distribution for GJP.
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