Terra Property Trust, Inc. 6.00% Notes due 2026 (TPTA) Correlation Distribution
Across 6,669 rolling correlation observations between Terra Property Trust, Inc. 6.00% Notes due 2026 (TPTA) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.264, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.2% and strong negative correlations (≤−0.7) for 8.1%.
- Total observations
- 6,669
- Mean correlation
- 0.264
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 30.2%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 270 | 4.0% | |
| -0.8 to -0.7 | 269 | 4.0% | |
| -0.7 to -0.6 | 283 | 4.2% | |
| -0.6 to -0.5 | 282 | 4.2% | |
| -0.5 to -0.4 | 197 | 3.0% | |
| -0.4 to -0.3 | 196 | 2.9% | |
| -0.3 to -0.2 | 180 | 2.7% | |
| -0.2 to -0.1 | 180 | 2.7% | |
| -0.1 to 0.0 | 196 | 2.9% | |
| 0.0 to 0.1 | 195 | 2.9% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 221 | 3.3% | |
| 0.3 to 0.4 | 312 | 4.7% | |
| 0.4 to 0.5 | 312 | 4.7% | |
| 0.5 to 0.6 | 668 | 10.0% | |
| 0.6 to 0.7 | 668 | 10.0% | |
| 0.7 to 0.8 | 985 | 14.8% | |
| 0.8 to 0.9 | 985 | 14.8% | |
| 0.9 to 1.0 | 46 | 0.7% |
Frequently asked questions
What is the average correlation of TPTA?
Terra Property Trust, Inc. 6.00% Notes due 2026 (TPTA) has an average correlation of about 0.264 with other NASDAQ stocks, based on 6,669 pairwise observations.
Is TPTA positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 30.2%.
What is the most common correlation range for TPTA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for TPTA.
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