Radian Group Inc. (RDN) Correlation Distribution
Across 6,809 rolling correlation observations between Radian Group Inc. (RDN) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.038, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,809
- Mean correlation
- -0.038
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 16.4%
- Sector
- Surety Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 212 | 3.1% | |
| -0.8 to -0.7 | 211 | 3.1% | |
| -0.7 to -0.6 | 667 | 9.8% | |
| -0.6 to -0.5 | 666 | 9.8% | |
| -0.5 to -0.4 | 632 | 9.3% | |
| -0.4 to -0.3 | 632 | 9.3% | |
| -0.3 to -0.2 | 348 | 5.1% | |
| -0.2 to -0.1 | 347 | 5.1% | |
| -0.1 to 0.0 | 270 | 4.0% | |
| 0.0 to 0.1 | 270 | 4.0% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 223 | 3.3% | |
| 0.4 to 0.5 | 222 | 3.3% | |
| 0.5 to 0.6 | 285 | 4.2% | |
| 0.6 to 0.7 | 284 | 4.2% | |
| 0.7 to 0.8 | 443 | 6.5% | |
| 0.8 to 0.9 | 442 | 6.5% | |
| 0.9 to 1.0 | 233 | 3.4% |
Frequently asked questions
What is the average correlation of RDN?
Radian Group Inc. (RDN) has an average correlation of about -0.038 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RDN positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for RDN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for RDN.
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