Portman Ridge Finance Corporation Common Stock (PTMN) Correlation Distribution
Across 6,809 rolling correlation observations between Portman Ridge Finance Corporation Common Stock (PTMN) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.216, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.9% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- 0.216
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 10.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 110 | 1.6% | |
| -0.8 to -0.7 | 110 | 1.6% | |
| -0.7 to -0.6 | 103 | 1.5% | |
| -0.6 to -0.5 | 102 | 1.5% | |
| -0.5 to -0.4 | 231 | 3.4% | |
| -0.4 to -0.3 | 231 | 3.4% | |
| -0.3 to -0.2 | 351 | 5.2% | |
| -0.2 to -0.1 | 350 | 5.1% | |
| -0.1 to 0.0 | 424 | 6.2% | |
| 0.0 to 0.1 | 423 | 6.2% | |
| 0.1 to 0.2 | 532 | 7.8% | |
| 0.2 to 0.3 | 532 | 7.8% | |
| 0.3 to 0.4 | 623 | 9.1% | |
| 0.4 to 0.5 | 623 | 9.1% | |
| 0.5 to 0.6 | 662 | 9.7% | |
| 0.6 to 0.7 | 661 | 9.7% | |
| 0.7 to 0.8 | 366 | 5.4% | |
| 0.8 to 0.9 | 365 | 5.4% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of PTMN?
Portman Ridge Finance Corporation Common Stock (PTMN) has an average correlation of about 0.216 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PTMN positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 10.9%.
What is the most common correlation range for PTMN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.4% of all pairs.
Explore the full interactive correlation distribution for PTMN.
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