Runway Growth Finance Corp. 7.50% Notes due 2027 (RWAYL) Correlation Distribution
Across 6,613 rolling correlation observations between Runway Growth Finance Corp. 7.50% Notes due 2027 (RWAYL) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.148, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,613
- Mean correlation
- 0.148
- Most common range
- 0.3 to 0.4
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 124 | 1.9% | |
| -0.6 to -0.5 | 124 | 1.9% | |
| -0.5 to -0.4 | 279 | 4.2% | |
| -0.4 to -0.3 | 278 | 4.2% | |
| -0.3 to -0.2 | 426 | 6.4% | |
| -0.2 to -0.1 | 426 | 6.4% | |
| -0.1 to 0.0 | 510 | 7.7% | |
| 0.0 to 0.1 | 509 | 7.7% | |
| 0.1 to 0.2 | 632 | 9.6% | |
| 0.2 to 0.3 | 631 | 9.5% | |
| 0.3 to 0.4 | 763 | 11.5% | |
| 0.4 to 0.5 | 762 | 11.5% | |
| 0.5 to 0.6 | 449 | 6.8% | |
| 0.6 to 0.7 | 448 | 6.8% | |
| 0.7 to 0.8 | 100 | 1.5% | |
| 0.8 to 0.9 | 99 | 1.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of RWAYL?
Runway Growth Finance Corp. 7.50% Notes due 2027 (RWAYL) has an average correlation of about 0.148 with other NASDAQ stocks, based on 6,613 pairwise observations.
Is RWAYL positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for RWAYL?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 47.4% of all pairs.
Explore the full interactive correlation distribution for RWAYL.
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