Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) Correlation Distribution
Across 6,809 rolling correlation observations between Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.229, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.5% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.229
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 22.5%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 89 | 1.3% | |
| -0.8 to -0.7 | 89 | 1.3% | |
| -0.7 to -0.6 | 321 | 4.7% | |
| -0.6 to -0.5 | 320 | 4.7% | |
| -0.5 to -0.4 | 309 | 4.5% | |
| -0.4 to -0.3 | 309 | 4.5% | |
| -0.3 to -0.2 | 278 | 4.1% | |
| -0.2 to -0.1 | 277 | 4.1% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 336 | 4.9% | |
| 0.2 to 0.3 | 336 | 4.9% | |
| 0.3 to 0.4 | 402 | 5.9% | |
| 0.4 to 0.5 | 402 | 5.9% | |
| 0.5 to 0.6 | 630 | 9.3% | |
| 0.6 to 0.7 | 630 | 9.3% | |
| 0.7 to 0.8 | 758 | 11.1% | |
| 0.8 to 0.9 | 757 | 11.1% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of GPJA?
Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) has an average correlation of about 0.229 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GPJA positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 22.5%.
What is the most common correlation range for GPJA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.1% of all pairs.
Explore the full interactive correlation distribution for GPJA.
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