Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) Correlation Distribution
Across 6,809 rolling correlation observations between Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.313, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.5% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.313
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 31.5%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 239 | 3.5% | |
| -0.6 to -0.5 | 238 | 3.5% | |
| -0.5 to -0.4 | 297 | 4.4% | |
| -0.4 to -0.3 | 297 | 4.4% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 289 | 4.2% | |
| 0.0 to 0.1 | 289 | 4.2% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 335 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 579 | 8.5% | |
| 0.6 to 0.7 | 579 | 8.5% | |
| 0.7 to 0.8 | 978 | 14.4% | |
| 0.8 to 0.9 | 977 | 14.3% | |
| 0.9 to 1.0 | 193 | 2.8% |
Frequently asked questions
What is the average correlation of JSM?
Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) has an average correlation of about 0.313 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JSM positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 31.5%.
What is the most common correlation range for JSM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for JSM.
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