Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) Correlation Distribution
Across 6,809 rolling correlation observations between Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.302, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.3% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.302
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 32.3%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 263 | 3.9% | |
| -0.6 to -0.5 | 262 | 3.8% | |
| -0.5 to -0.4 | 279 | 4.1% | |
| -0.4 to -0.3 | 279 | 4.1% | |
| -0.3 to -0.2 | 296 | 4.3% | |
| -0.2 to -0.1 | 296 | 4.3% | |
| -0.1 to 0.0 | 315 | 4.6% | |
| 0.0 to 0.1 | 314 | 4.6% | |
| 0.1 to 0.2 | 293 | 4.3% | |
| 0.2 to 0.3 | 293 | 4.3% | |
| 0.3 to 0.4 | 309 | 4.5% | |
| 0.4 to 0.5 | 308 | 4.5% | |
| 0.5 to 0.6 | 512 | 7.5% | |
| 0.6 to 0.7 | 512 | 7.5% | |
| 0.7 to 0.8 | 972 | 14.3% | |
| 0.8 to 0.9 | 972 | 14.3% | |
| 0.9 to 1.0 | 254 | 3.7% |
Frequently asked questions
What is the average correlation of RZB?
Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) has an average correlation of about 0.302 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RZB positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 32.3%.
What is the most common correlation range for RZB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for RZB.
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