SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) Correlation Distribution
Across 6,790 rolling correlation observations between SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) and other NASDAQ-listed stocks, 43.5% are positive and 56.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.026, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 7.3%.
- Total observations
- 6,790
- Mean correlation
- -0.026
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.5%
- Strong positive (≥0.7)
- 16.2%
- Sector
- Personal Credit Institutions
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 247 | 3.6% | |
| -0.8 to -0.7 | 246 | 3.6% | |
| -0.7 to -0.6 | 591 | 8.7% | |
| -0.6 to -0.5 | 590 | 8.7% | |
| -0.5 to -0.4 | 585 | 8.6% | |
| -0.4 to -0.3 | 585 | 8.6% | |
| -0.3 to -0.2 | 359 | 5.3% | |
| -0.2 to -0.1 | 358 | 5.3% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 3.9% | |
| 0.1 to 0.2 | 247 | 3.6% | |
| 0.2 to 0.3 | 246 | 3.6% | |
| 0.3 to 0.4 | 235 | 3.5% | |
| 0.4 to 0.5 | 234 | 3.4% | |
| 0.5 to 0.6 | 313 | 4.6% | |
| 0.6 to 0.7 | 312 | 4.6% | |
| 0.7 to 0.8 | 527 | 7.8% | |
| 0.8 to 0.9 | 526 | 7.7% | |
| 0.9 to 1.0 | 46 | 0.7% |
Frequently asked questions
What is the average correlation of SLMBP?
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) has an average correlation of about -0.026 with other NASDAQ stocks, based on 6,790 pairwise observations.
Is SLMBP positively correlated with other stocks?
Not predominantly — 43.5% of pairs are positive and 56.5% are negative. Strong positive correlations (≥0.7) make up 16.2%.
What is the most common correlation range for SLMBP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for SLMBP.
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