Tiptree Inc. Common Stock (TIPT) Correlation Distribution
Across 6,809 rolling correlation observations between Tiptree Inc. Common Stock (TIPT) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.116, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 17.8%.
- Total observations
- 6,809
- Mean correlation
- -0.116
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 15.9%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 604 | 8.9% | |
| -0.8 to -0.7 | 604 | 8.9% | |
| -0.7 to -0.6 | 703 | 10.3% | |
| -0.6 to -0.5 | 702 | 10.3% | |
| -0.5 to -0.4 | 416 | 6.1% | |
| -0.4 to -0.3 | 415 | 6.1% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 243 | 3.6% | |
| -0.1 to 0.0 | 217 | 3.2% | |
| 0.0 to 0.1 | 217 | 3.2% | |
| 0.1 to 0.2 | 202 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 211 | 3.1% | |
| 0.4 to 0.5 | 210 | 3.1% | |
| 0.5 to 0.6 | 269 | 4.0% | |
| 0.6 to 0.7 | 268 | 3.9% | |
| 0.7 to 0.8 | 483 | 7.1% | |
| 0.8 to 0.9 | 482 | 7.1% | |
| 0.9 to 1.0 | 115 | 1.7% |
Frequently asked questions
What is the average correlation of TIPT?
Tiptree Inc. Common Stock (TIPT) has an average correlation of about -0.116 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TIPT positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for TIPT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for TIPT.
Open interactive dashboard →