Synthetic Fixed Income Securities, Inc. Floating Rate Structured Repackaged Asset-Backed Trust Securities (STRATS) (GJR) Correlation Distribution
Across 5,920 rolling correlation observations between Synthetic Fixed Income Securities, Inc. Floating Rate Structured Repackaged Asset-Backed Trust Securities (STRATS) (GJR) and other NASDAQ-listed stocks, 38.6% are positive and 61.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.14, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 16.2%.
- Total observations
- 5,920
- Mean correlation
- -0.14
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.6%
- Strong positive (≥0.7)
- 9%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 480 | 8.1% | |
| -0.8 to -0.7 | 479 | 8.1% | |
| -0.7 to -0.6 | 665 | 11.2% | |
| -0.6 to -0.5 | 664 | 11.2% | |
| -0.5 to -0.4 | 345 | 5.8% | |
| -0.4 to -0.3 | 344 | 5.8% | |
| -0.3 to -0.2 | 220 | 3.7% | |
| -0.2 to -0.1 | 219 | 3.7% | |
| -0.1 to 0.0 | 217 | 3.7% | |
| 0.0 to 0.1 | 217 | 3.7% | |
| 0.1 to 0.2 | 212 | 3.6% | |
| 0.2 to 0.3 | 211 | 3.6% | |
| 0.3 to 0.4 | 208 | 3.5% | |
| 0.4 to 0.5 | 208 | 3.5% | |
| 0.5 to 0.6 | 348 | 5.9% | |
| 0.6 to 0.7 | 348 | 5.9% | |
| 0.7 to 0.8 | 268 | 4.5% | |
| 0.8 to 0.9 | 267 | 4.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GJR?
Synthetic Fixed Income Securities, Inc. Floating Rate Structured Repackaged Asset-Backed Trust Securities (STRATS) (GJR) has an average correlation of about -0.14 with other NASDAQ stocks, based on 5,920 pairwise observations.
Is GJR positively correlated with other stocks?
Not predominantly — 38.6% of pairs are positive and 61.4% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for GJR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for GJR.
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