Lehman ABS Corp 3.50 Adj Corp Backed Tr Cert Goldman Cap I (JBK) Correlation Distribution
Across 6,030 rolling correlation observations between Lehman ABS Corp 3.50 Adj Corp Backed Tr Cert Goldman Cap I (JBK) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.314, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 27.7% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,030
- Mean correlation
- 0.314
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 27.7%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.3% | |
| -0.7 to -0.6 | 162 | 2.7% | |
| -0.6 to -0.5 | 162 | 2.7% | |
| -0.5 to -0.4 | 290 | 4.8% | |
| -0.4 to -0.3 | 290 | 4.8% | |
| -0.3 to -0.2 | 269 | 4.5% | |
| -0.2 to -0.1 | 269 | 4.5% | |
| -0.1 to 0.0 | 254 | 4.2% | |
| 0.0 to 0.1 | 253 | 4.2% | |
| 0.1 to 0.2 | 244 | 4.0% | |
| 0.2 to 0.3 | 243 | 4.0% | |
| 0.3 to 0.4 | 350 | 5.8% | |
| 0.4 to 0.5 | 349 | 5.8% | |
| 0.5 to 0.6 | 596 | 9.9% | |
| 0.6 to 0.7 | 595 | 9.9% | |
| 0.7 to 0.8 | 746 | 12.4% | |
| 0.8 to 0.9 | 746 | 12.4% | |
| 0.9 to 1.0 | 177 | 2.9% |
Frequently asked questions
What is the average correlation of JBK?
Lehman ABS Corp 3.50 Adj Corp Backed Tr Cert Goldman Cap I (JBK) has an average correlation of about 0.314 with other NASDAQ stocks, based on 6,030 pairwise observations.
Is JBK positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 27.7%.
What is the most common correlation range for JBK?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.4% of all pairs.
Explore the full interactive correlation distribution for JBK.
Open interactive dashboard →