Telesat Corporation Class A Common Shares and Class B Variable Voting Shares (TSAT) Correlation Distribution
Across 6,793 rolling correlation observations between Telesat Corporation Class A Common Shares and Class B Variable Voting Shares (TSAT) and other NASDAQ-listed stocks, 74.1% are positive and 25.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.263, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.4% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,793
- Mean correlation
- 0.263
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.1%
- Strong positive (≥0.7)
- 11.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 74 | 1.1% | |
| -0.6 to -0.5 | 73 | 1.1% | |
| -0.5 to -0.4 | 246 | 3.6% | |
| -0.4 to -0.3 | 245 | 3.6% | |
| -0.3 to -0.2 | 327 | 4.8% | |
| -0.2 to -0.1 | 327 | 4.8% | |
| -0.1 to 0.0 | 447 | 6.6% | |
| 0.0 to 0.1 | 447 | 6.6% | |
| 0.1 to 0.2 | 555 | 8.2% | |
| 0.2 to 0.3 | 554 | 8.2% | |
| 0.3 to 0.4 | 637 | 9.4% | |
| 0.4 to 0.5 | 636 | 9.4% | |
| 0.5 to 0.6 | 718 | 10.6% | |
| 0.6 to 0.7 | 717 | 10.6% | |
| 0.7 to 0.8 | 366 | 5.4% | |
| 0.8 to 0.9 | 365 | 5.4% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of TSAT?
Telesat Corporation Class A Common Shares and Class B Variable Voting Shares (TSAT) has an average correlation of about 0.263 with other NASDAQ stocks, based on 6,793 pairwise observations.
Is TSAT positively correlated with other stocks?
Mostly yes — 74.1% of pairs are positive and 25.9% are negative. Strong positive correlations (≥0.7) make up 11.4%.
What is the most common correlation range for TSAT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 39.1% of all pairs.
Explore the full interactive correlation distribution for TSAT.
Open interactive dashboard →