TPG RE Finance Trust, Inc. Common Stock (TRTX) Correlation Distribution
Across 6,809 rolling correlation observations between TPG RE Finance Trust, Inc. Common Stock (TRTX) and other NASDAQ-listed stocks, 73.2% are positive and 26.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.332, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.9% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.332
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.2%
- Strong positive (≥0.7)
- 28.9%
- Sector
- Real Estate Investment Trusts
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 | 39 | 0.6% | |
| -0.7 to -0.6 | 129 | 1.9% | |
| -0.6 to -0.5 | 129 | 1.9% | |
| -0.5 to -0.4 | 320 | 4.7% | |
| -0.4 to -0.3 | 320 | 4.7% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 252 | 3.7% | |
| 0.0 to 0.1 | 251 | 3.7% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 290 | 4.3% | |
| 0.3 to 0.4 | 424 | 6.2% | |
| 0.4 to 0.5 | 424 | 6.2% | |
| 0.5 to 0.6 | 669 | 9.8% | |
| 0.6 to 0.7 | 668 | 9.8% | |
| 0.7 to 0.8 | 924 | 13.6% | |
| 0.8 to 0.9 | 924 | 13.6% | |
| 0.9 to 1.0 | 121 | 1.8% |
Frequently asked questions
What is the average correlation of TRTX?
TPG RE Finance Trust, Inc. Common Stock (TRTX) has an average correlation of about 0.332 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TRTX positively correlated with other stocks?
Mostly yes — 73.2% of pairs are positive and 26.8% are negative. Strong positive correlations (≥0.7) make up 28.9%.
What is the most common correlation range for TRTX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for TRTX.
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