OFS Capital Corporation 4.95% Notes due 2028 (OFSSH) Correlation Distribution
Across 5,983 rolling correlation observations between OFS Capital Corporation 4.95% Notes due 2028 (OFSSH) and other NASDAQ-listed stocks, 75.2% are positive and 24.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.352, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 5,983
- Mean correlation
- 0.352
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.2%
- Strong positive (≥0.7)
- 30.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.3% | |
| -0.7 to -0.6 | 102 | 1.7% | |
| -0.6 to -0.5 | 101 | 1.7% | |
| -0.5 to -0.4 | 191 | 3.2% | |
| -0.4 to -0.3 | 191 | 3.2% | |
| -0.3 to -0.2 | 293 | 4.9% | |
| -0.2 to -0.1 | 293 | 4.9% | |
| -0.1 to 0.0 | 280 | 4.7% | |
| 0.0 to 0.1 | 280 | 4.7% | |
| 0.1 to 0.2 | 294 | 4.9% | |
| 0.2 to 0.3 | 294 | 4.9% | |
| 0.3 to 0.4 | 364 | 6.1% | |
| 0.4 to 0.5 | 363 | 6.1% | |
| 0.5 to 0.6 | 539 | 9.0% | |
| 0.6 to 0.7 | 539 | 9.0% | |
| 0.7 to 0.8 | 877 | 14.7% | |
| 0.8 to 0.9 | 876 | 14.6% | |
| 0.9 to 1.0 | 71 | 1.2% |
Frequently asked questions
What is the average correlation of OFSSH?
OFS Capital Corporation 4.95% Notes due 2028 (OFSSH) has an average correlation of about 0.352 with other NASDAQ stocks, based on 5,983 pairwise observations.
Is OFSSH positively correlated with other stocks?
Mostly yes — 75.2% of pairs are positive and 24.8% are negative. Strong positive correlations (≥0.7) make up 30.5%.
What is the most common correlation range for OFSSH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for OFSSH.
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