Rithm Capital Corp. (RITM) Correlation Distribution
Across 6,618 rolling correlation observations between Rithm Capital Corp. (RITM) and other NASDAQ-listed stocks, 52.8% are positive and 47.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.6% and strong negative correlations (≤−0.7) for 8.9%.
- Total observations
- 6,618
- Mean correlation
- 0.055
- Most common range
- 0.7 to 0.8
- Positive pairs
- 52.8%
- Strong positive (≥0.7)
- 17.6%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 294 | 4.4% | |
| -0.8 to -0.7 | 293 | 4.4% | |
| -0.7 to -0.6 | 505 | 7.6% | |
| -0.6 to -0.5 | 504 | 7.6% | |
| -0.5 to -0.4 | 371 | 5.6% | |
| -0.4 to -0.3 | 371 | 5.6% | |
| -0.3 to -0.2 | 271 | 4.1% | |
| -0.2 to -0.1 | 271 | 4.1% | |
| -0.1 to 0.0 | 241 | 3.6% | |
| 0.0 to 0.1 | 240 | 3.6% | |
| 0.1 to 0.2 | 266 | 4.0% | |
| 0.2 to 0.3 | 265 | 4.0% | |
| 0.3 to 0.4 | 334 | 5.0% | |
| 0.4 to 0.5 | 333 | 5.0% | |
| 0.5 to 0.6 | 446 | 6.7% | |
| 0.6 to 0.7 | 446 | 6.7% | |
| 0.7 to 0.8 | 577 | 8.7% | |
| 0.8 to 0.9 | 577 | 8.7% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of RITM?
Rithm Capital Corp. (RITM) has an average correlation of about 0.055 with other NASDAQ stocks, based on 6,618 pairwise observations.
Is RITM positively correlated with other stocks?
Mostly yes — 52.8% of pairs are positive and 47.2% are negative. Strong positive correlations (≥0.7) make up 17.6%.
What is the most common correlation range for RITM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for RITM.
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