Tennessee Valley Authority Power Bonds 1999 Series A due May 1, 2029 (TVE) Correlation Distribution
Across 6,809 rolling correlation observations between Tennessee Valley Authority Power Bonds 1999 Series A due May 1, 2029 (TVE) and other NASDAQ-listed stocks, 66.6% are positive and 33.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.265, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- 0.265
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.6%
- Strong positive (≥0.7)
- 31%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 108 | 1.6% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 292 | 4.3% | |
| -0.5 to -0.4 | 323 | 4.7% | |
| -0.4 to -0.3 | 322 | 4.7% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 233 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 262 | 3.8% | |
| 0.2 to 0.3 | 261 | 3.8% | |
| 0.3 to 0.4 | 313 | 4.6% | |
| 0.4 to 0.5 | 313 | 4.6% | |
| 0.5 to 0.6 | 521 | 7.7% | |
| 0.6 to 0.7 | 520 | 7.6% | |
| 0.7 to 0.8 | 902 | 13.2% | |
| 0.8 to 0.9 | 901 | 13.2% | |
| 0.9 to 1.0 | 306 | 4.5% |
Frequently asked questions
What is the average correlation of TVE?
Tennessee Valley Authority Power Bonds 1999 Series A due May 1, 2029 (TVE) has an average correlation of about 0.265 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TVE positively correlated with other stocks?
Mostly yes — 66.6% of pairs are positive and 33.4% are negative. Strong positive correlations (≥0.7) make up 31%.
What is the most common correlation range for TVE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for TVE.
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