Reinsurance Group of America, Incorporated (RGA) Correlation Distribution
Across 6,809 rolling correlation observations between Reinsurance Group of America, Incorporated (RGA) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.113, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 12.8%.
- Total observations
- 6,809
- Mean correlation
- -0.113
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 16%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 431 | 6.3% | |
| -0.8 to -0.7 | 430 | 6.3% | |
| -0.7 to -0.6 | 879 | 12.9% | |
| -0.6 to -0.5 | 879 | 12.9% | |
| -0.5 to -0.4 | 445 | 6.5% | |
| -0.4 to -0.3 | 445 | 6.5% | |
| -0.3 to -0.2 | 265 | 3.9% | |
| -0.2 to -0.1 | 264 | 3.9% | |
| -0.1 to 0.0 | 198 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 190 | 2.8% | |
| 0.2 to 0.3 | 189 | 2.8% | |
| 0.3 to 0.4 | 195 | 2.9% | |
| 0.4 to 0.5 | 194 | 2.8% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 253 | 3.7% | |
| 0.7 to 0.8 | 416 | 6.1% | |
| 0.8 to 0.9 | 415 | 6.1% | |
| 0.9 to 1.0 | 259 | 3.8% |
Frequently asked questions
What is the average correlation of RGA?
Reinsurance Group of America, Incorporated (RGA) has an average correlation of about -0.113 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RGA positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for RGA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for RGA.
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