Runway Growth Finance Corp. Common Stock (RWAY) Correlation Distribution
Across 6,798 rolling correlation observations between Runway Growth Finance Corp. Common Stock (RWAY) and other NASDAQ-listed stocks, 64.8% are positive and 35.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.125, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,798
- Mean correlation
- 0.125
- Most common range
- 0.3 to 0.4
- Positive pairs
- 64.8%
- Strong positive (≥0.7)
- 2.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 351 | 5.2% | |
| -0.6 to -0.5 | 351 | 5.2% | |
| -0.5 to -0.4 | 300 | 4.4% | |
| -0.4 to -0.3 | 300 | 4.4% | |
| -0.3 to -0.2 | 320 | 4.7% | |
| -0.2 to -0.1 | 320 | 4.7% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 468 | 6.9% | |
| 0.2 to 0.3 | 467 | 6.9% | |
| 0.3 to 0.4 | 912 | 13.4% | |
| 0.4 to 0.5 | 912 | 13.4% | |
| 0.5 to 0.6 | 586 | 8.6% | |
| 0.6 to 0.7 | 586 | 8.6% | |
| 0.7 to 0.8 | 86 | 1.3% | |
| 0.8 to 0.9 | 85 | 1.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of RWAY?
Runway Growth Finance Corp. Common Stock (RWAY) has an average correlation of about 0.125 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is RWAY positively correlated with other stocks?
Mostly yes — 64.8% of pairs are positive and 35.2% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for RWAY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 32.1% of all pairs.
Explore the full interactive correlation distribution for RWAY.
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