PhenixFIN Corporation 5.25% Notes due 2028 (PFXNZ) Correlation Distribution
Across 6,341 rolling correlation observations between PhenixFIN Corporation 5.25% Notes due 2028 (PFXNZ) and other NASDAQ-listed stocks, 75.4% are positive and 24.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.315, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 21.8% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,341
- Mean correlation
- 0.315
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.4%
- Strong positive (≥0.7)
- 21.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 37 | 0.6% | |
| -0.8 to -0.7 | 36 | 0.6% | |
| -0.7 to -0.6 | 121 | 1.9% | |
| -0.6 to -0.5 | 120 | 1.9% | |
| -0.5 to -0.4 | 179 | 2.8% | |
| -0.4 to -0.3 | 179 | 2.8% | |
| -0.3 to -0.2 | 264 | 4.2% | |
| -0.2 to -0.1 | 263 | 4.1% | |
| -0.1 to 0.0 | 361 | 5.7% | |
| 0.0 to 0.1 | 360 | 5.7% | |
| 0.1 to 0.2 | 368 | 5.8% | |
| 0.2 to 0.3 | 368 | 5.8% | |
| 0.3 to 0.4 | 481 | 7.6% | |
| 0.4 to 0.5 | 481 | 7.6% | |
| 0.5 to 0.6 | 671 | 10.6% | |
| 0.6 to 0.7 | 671 | 10.6% | |
| 0.7 to 0.8 | 667 | 10.5% | |
| 0.8 to 0.9 | 667 | 10.5% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of PFXNZ?
PhenixFIN Corporation 5.25% Notes due 2028 (PFXNZ) has an average correlation of about 0.315 with other NASDAQ stocks, based on 6,341 pairwise observations.
Is PFXNZ positively correlated with other stocks?
Mostly yes — 75.4% of pairs are positive and 24.6% are negative. Strong positive correlations (≥0.7) make up 21.8%.
What is the most common correlation range for PFXNZ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.3% of all pairs.
Explore the full interactive correlation distribution for PFXNZ.
Open interactive dashboard →