Structured Products CorTS PECO Energy Cap Trust III, 8% Cert. (KTH) Correlation Distribution
Across 6,726 rolling correlation observations between Structured Products CorTS PECO Energy Cap Trust III, 8% Cert. (KTH) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.268, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.7% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,726
- Mean correlation
- 0.268
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 35.7%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 224 | 3.3% | |
| -0.8 to -0.7 | 224 | 3.3% | |
| -0.7 to -0.6 | 304 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 234 | 3.5% | |
| -0.4 to -0.3 | 234 | 3.5% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 235 | 3.5% | |
| -0.1 to 0.0 | 213 | 3.2% | |
| 0.0 to 0.1 | 213 | 3.2% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 292 | 4.3% | |
| 0.4 to 0.5 | 291 | 4.3% | |
| 0.5 to 0.6 | 412 | 6.1% | |
| 0.6 to 0.7 | 412 | 6.1% | |
| 0.7 to 0.8 | 963 | 14.3% | |
| 0.8 to 0.9 | 963 | 14.3% | |
| 0.9 to 1.0 | 477 | 7.1% |
Frequently asked questions
What is the average correlation of KTH?
Structured Products CorTS PECO Energy Cap Trust III, 8% Cert. (KTH) has an average correlation of about 0.268 with other NASDAQ stocks, based on 6,726 pairwise observations.
Is KTH positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 35.7%.
What is the most common correlation range for KTH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for KTH.
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