Synthetic Fixed-Income Securities STRATS 2006-3 AllState Corporation (GJT) Correlation Distribution
Across 6,556 rolling correlation observations between Synthetic Fixed-Income Securities STRATS 2006-3 AllState Corporation (GJT) and other NASDAQ-listed stocks, 37.4% are positive and 62.6% 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 14.9% and strong negative correlations (≤−0.7) for 17.9%.
- Total observations
- 6,556
- Mean correlation
- -0.14
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.4%
- Strong positive (≥0.7)
- 14.9%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 580 | 8.8% | |
| -0.8 to -0.7 | 579 | 8.8% | |
| -0.7 to -0.6 | 786 | 12.0% | |
| -0.6 to -0.5 | 785 | 12.0% | |
| -0.5 to -0.4 | 352 | 5.4% | |
| -0.4 to -0.3 | 352 | 5.4% | |
| -0.3 to -0.2 | 230 | 3.5% | |
| -0.2 to -0.1 | 229 | 3.5% | |
| -0.1 to 0.0 | 200 | 3.1% | |
| 0.0 to 0.1 | 200 | 3.1% | |
| 0.1 to 0.2 | 198 | 3.0% | |
| 0.2 to 0.3 | 197 | 3.0% | |
| 0.3 to 0.4 | 189 | 2.9% | |
| 0.4 to 0.5 | 189 | 2.9% | |
| 0.5 to 0.6 | 251 | 3.8% | |
| 0.6 to 0.7 | 251 | 3.8% | |
| 0.7 to 0.8 | 413 | 6.3% | |
| 0.8 to 0.9 | 413 | 6.3% | |
| 0.9 to 1.0 | 150 | 2.3% |
Frequently asked questions
What is the average correlation of GJT?
Synthetic Fixed-Income Securities STRATS 2006-3 AllState Corporation (GJT) has an average correlation of about -0.14 with other NASDAQ stocks, based on 6,556 pairwise observations.
Is GJT positively correlated with other stocks?
Not predominantly — 37.4% of pairs are positive and 62.6% are negative. Strong positive correlations (≥0.7) make up 14.9%.
What is the most common correlation range for GJT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for GJT.
Open interactive dashboard →