Blue Owl Capital Corporation (OBDC) Correlation Distribution
Across 5,934 rolling correlation observations between Blue Owl Capital Corporation (OBDC) and other NASDAQ-listed stocks, 61.7% are positive and 38.3% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.1, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 5,934
- Mean correlation
- 0.1
- Most common range
- 0.1 to 0.2
- Positive pairs
- 61.7%
- Strong positive (≥0.7)
- 2.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.4% | |
| -0.8 to -0.7 | 21 | 0.4% | |
| -0.7 to -0.6 | 179 | 3.0% | |
| -0.6 to -0.5 | 178 | 3.0% | |
| -0.5 to -0.4 | 352 | 5.9% | |
| -0.4 to -0.3 | 351 | 5.9% | |
| -0.3 to -0.2 | 358 | 6.0% | |
| -0.2 to -0.1 | 358 | 6.0% | |
| -0.1 to 0.0 | 452 | 7.6% | |
| 0.0 to 0.1 | 451 | 7.6% | |
| 0.1 to 0.2 | 580 | 9.8% | |
| 0.2 to 0.3 | 579 | 9.8% | |
| 0.3 to 0.4 | 563 | 9.5% | |
| 0.4 to 0.5 | 562 | 9.5% | |
| 0.5 to 0.6 | 391 | 6.6% | |
| 0.6 to 0.7 | 391 | 6.6% | |
| 0.7 to 0.8 | 72 | 1.2% | |
| 0.8 to 0.9 | 72 | 1.2% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of OBDC?
Blue Owl Capital Corporation (OBDC) has an average correlation of about 0.1 with other NASDAQ stocks, based on 5,934 pairwise observations.
Is OBDC positively correlated with other stocks?
Mostly yes — 61.7% of pairs are positive and 38.3% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for OBDC?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 46.8% of all pairs.
Explore the full interactive correlation distribution for OBDC.
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