Runway Growth Finance Corp. 8.00% Notes due 2027 (RWAYZ) Correlation Distribution
Across 6,337 rolling correlation observations between Runway Growth Finance Corp. 8.00% Notes due 2027 (RWAYZ) and other NASDAQ-listed stocks, 56.4% are positive and 43.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,337
- Mean correlation
- 0.079
- Most common range
- 0.5 to 0.6
- Positive pairs
- 56.4%
- Strong positive (≥0.7)
- 3.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 61 | 1.0% | |
| -0.8 to -0.7 | 60 | 0.9% | |
| -0.7 to -0.6 | 392 | 6.2% | |
| -0.6 to -0.5 | 392 | 6.2% | |
| -0.5 to -0.4 | 444 | 7.0% | |
| -0.4 to -0.3 | 443 | 7.0% | |
| -0.3 to -0.2 | 342 | 5.4% | |
| -0.2 to -0.1 | 342 | 5.4% | |
| -0.1 to 0.0 | 285 | 4.5% | |
| 0.0 to 0.1 | 285 | 4.5% | |
| 0.1 to 0.2 | 324 | 5.1% | |
| 0.2 to 0.3 | 324 | 5.1% | |
| 0.3 to 0.4 | 505 | 8.0% | |
| 0.4 to 0.5 | 504 | 8.0% | |
| 0.5 to 0.6 | 697 | 11.0% | |
| 0.6 to 0.7 | 697 | 11.0% | |
| 0.7 to 0.8 | 120 | 1.9% | |
| 0.8 to 0.9 | 119 | 1.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of RWAYZ?
Runway Growth Finance Corp. 8.00% Notes due 2027 (RWAYZ) has an average correlation of about 0.079 with other NASDAQ stocks, based on 6,337 pairwise observations.
Is RWAYZ positively correlated with other stocks?
Mostly yes — 56.4% of pairs are positive and 43.6% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for RWAYZ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30% of all pairs.
Explore the full interactive correlation distribution for RWAYZ.
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