Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028 (TVC) Correlation Distribution
Across 6,809 rolling correlation observations between Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028 (TVC) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.267, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.5% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- 0.267
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 30.5%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 105 | 1.5% | |
| -0.8 to -0.7 | 104 | 1.5% | |
| -0.7 to -0.6 | 281 | 4.1% | |
| -0.6 to -0.5 | 280 | 4.1% | |
| -0.5 to -0.4 | 323 | 4.7% | |
| -0.4 to -0.3 | 322 | 4.7% | |
| -0.3 to -0.2 | 305 | 4.5% | |
| -0.2 to -0.1 | 305 | 4.5% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 260 | 3.8% | |
| 0.2 to 0.3 | 260 | 3.8% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 532 | 7.8% | |
| 0.6 to 0.7 | 531 | 7.8% | |
| 0.7 to 0.8 | 901 | 13.2% | |
| 0.8 to 0.9 | 900 | 13.2% | |
| 0.9 to 1.0 | 277 | 4.1% |
Frequently asked questions
What is the average correlation of TVC?
Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028 (TVC) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TVC positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 30.5%.
What is the most common correlation range for TVC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for TVC.
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