Synthetic Fixed-Income Securities STRATS 2006-2 Goldman Sachs Group (GJS) Correlation Distribution
Across 6,594 rolling correlation observations between Synthetic Fixed-Income Securities STRATS 2006-2 Goldman Sachs Group (GJS) and other NASDAQ-listed stocks, 41.1% are positive and 58.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.065, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 9.4%.
- Total observations
- 6,594
- Mean correlation
- -0.065
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.1%
- Strong positive (≥0.7)
- 15.7%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 310 | 4.7% | |
| -0.8 to -0.7 | 310 | 4.7% | |
| -0.7 to -0.6 | 705 | 10.7% | |
| -0.6 to -0.5 | 704 | 10.7% | |
| -0.5 to -0.4 | 524 | 7.9% | |
| -0.4 to -0.3 | 523 | 7.9% | |
| -0.3 to -0.2 | 286 | 4.3% | |
| -0.2 to -0.1 | 286 | 4.3% | |
| -0.1 to 0.0 | 236 | 3.6% | |
| 0.0 to 0.1 | 235 | 3.6% | |
| 0.1 to 0.2 | 215 | 3.3% | |
| 0.2 to 0.3 | 214 | 3.2% | |
| 0.3 to 0.4 | 211 | 3.2% | |
| 0.4 to 0.5 | 211 | 3.2% | |
| 0.5 to 0.6 | 293 | 4.4% | |
| 0.6 to 0.7 | 293 | 4.4% | |
| 0.7 to 0.8 | 491 | 7.4% | |
| 0.8 to 0.9 | 491 | 7.4% | |
| 0.9 to 1.0 | 56 | 0.8% |
Frequently asked questions
What is the average correlation of GJS?
Synthetic Fixed-Income Securities STRATS 2006-2 Goldman Sachs Group (GJS) has an average correlation of about -0.065 with other NASDAQ stocks, based on 6,594 pairwise observations.
Is GJS positively correlated with other stocks?
Not predominantly — 41.1% of pairs are positive and 58.9% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for GJS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for GJS.
Open interactive dashboard →