BlackRock TCP Capital Corp. Common Stock (TCPC) Correlation Distribution
Across 6,809 rolling correlation observations between BlackRock TCP Capital Corp. Common Stock (TCPC) and other NASDAQ-listed stocks, 69.5% are positive and 30.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.215, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- 0.215
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.5%
- Strong positive (≥0.7)
- 12%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 128 | 1.9% | |
| -0.8 to -0.7 | 127 | 1.9% | |
| -0.7 to -0.6 | 292 | 4.3% | |
| -0.6 to -0.5 | 291 | 4.3% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 242 | 3.6% | |
| -0.3 to -0.2 | 241 | 3.5% | |
| -0.2 to -0.1 | 240 | 3.5% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 358 | 5.3% | |
| 0.2 to 0.3 | 358 | 5.3% | |
| 0.3 to 0.4 | 617 | 9.1% | |
| 0.4 to 0.5 | 617 | 9.1% | |
| 0.5 to 0.6 | 845 | 12.4% | |
| 0.6 to 0.7 | 845 | 12.4% | |
| 0.7 to 0.8 | 403 | 5.9% | |
| 0.8 to 0.9 | 403 | 5.9% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of TCPC?
BlackRock TCP Capital Corp. Common Stock (TCPC) has an average correlation of about 0.215 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TCPC positively correlated with other stocks?
Mostly yes — 69.5% of pairs are positive and 30.5% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for TCPC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for TCPC.
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