Merrill Lynch Depositor PPLUS Floating Rate Call TR Cert. Ser GSC-2(Goldman Sachs) (PYT) Correlation Distribution
Across 6,258 rolling correlation observations between Merrill Lynch Depositor PPLUS Floating Rate Call TR Cert. Ser GSC-2(Goldman Sachs) (PYT) and other NASDAQ-listed stocks, 78% are positive and 22% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 11.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,258
- Mean correlation
- 0.303
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78%
- Strong positive (≥0.7)
- 11.4%
- Sector
- Asset-Backed Securities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 80 | 1.3% | |
| -0.6 to -0.5 | 80 | 1.3% | |
| -0.5 to -0.4 | 149 | 2.4% | |
| -0.4 to -0.3 | 148 | 2.4% | |
| -0.3 to -0.2 | 230 | 3.7% | |
| -0.2 to -0.1 | 229 | 3.7% | |
| -0.1 to 0.0 | 370 | 5.9% | |
| 0.0 to 0.1 | 369 | 5.9% | |
| 0.1 to 0.2 | 415 | 6.6% | |
| 0.2 to 0.3 | 414 | 6.6% | |
| 0.3 to 0.4 | 614 | 9.8% | |
| 0.4 to 0.5 | 613 | 9.8% | |
| 0.5 to 0.6 | 871 | 13.9% | |
| 0.6 to 0.7 | 870 | 13.9% | |
| 0.7 to 0.8 | 355 | 5.7% | |
| 0.8 to 0.9 | 355 | 5.7% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of PYT?
Merrill Lynch Depositor PPLUS Floating Rate Call TR Cert. Ser GSC-2(Goldman Sachs) (PYT) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,258 pairwise observations.
Is PYT positively correlated with other stocks?
Mostly yes — 78% of pairs are positive and 22% are negative. Strong positive correlations (≥0.7) make up 11.4%.
What is the most common correlation range for PYT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.4% of all pairs.
Explore the full interactive correlation distribution for PYT.
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