Prospect Capital Corporation (PSEC) Correlation Distribution
Across 6,809 rolling correlation observations between Prospect Capital Corporation (PSEC) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.221, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.8% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,809
- Mean correlation
- 0.221
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 16.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 81 | 1.2% | |
| -0.9 to -0.8 | 124 | 1.8% | |
| -0.8 to -0.7 | 124 | 1.8% | |
| -0.7 to -0.6 | 252 | 3.7% | |
| -0.6 to -0.5 | 252 | 3.7% | |
| -0.5 to -0.4 | 248 | 3.6% | |
| -0.4 to -0.3 | 248 | 3.6% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 233 | 3.4% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 366 | 5.4% | |
| 0.2 to 0.3 | 366 | 5.4% | |
| 0.3 to 0.4 | 560 | 8.2% | |
| 0.4 to 0.5 | 560 | 8.2% | |
| 0.5 to 0.6 | 719 | 10.6% | |
| 0.6 to 0.7 | 719 | 10.6% | |
| 0.7 to 0.8 | 546 | 8.0% | |
| 0.8 to 0.9 | 545 | 8.0% | |
| 0.9 to 1.0 | 50 | 0.7% |
Frequently asked questions
What is the average correlation of PSEC?
Prospect Capital Corporation (PSEC) has an average correlation of about 0.221 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PSEC positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 16.8%.
What is the most common correlation range for PSEC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.2% of all pairs.
Explore the full interactive correlation distribution for PSEC.
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