TRI-Continental Corporation (TY) Correlation Distribution
Across 6,809 rolling correlation observations between TRI-Continental Corporation (TY) and other NASDAQ-listed stocks, 81.1% are positive and 18.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.8% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.298
- Most common range
- 0.3 to 0.4
- Positive pairs
- 81.1%
- Strong positive (≥0.7)
- 10.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 35 | 0.5% | |
| -0.8 to -0.7 | 34 | 0.5% | |
| -0.7 to -0.6 | 95 | 1.4% | |
| -0.6 to -0.5 | 95 | 1.4% | |
| -0.5 to -0.4 | 127 | 1.9% | |
| -0.4 to -0.3 | 127 | 1.9% | |
| -0.3 to -0.2 | 209 | 3.1% | |
| -0.2 to -0.1 | 209 | 3.1% | |
| -0.1 to 0.0 | 357 | 5.2% | |
| 0.0 to 0.1 | 356 | 5.2% | |
| 0.1 to 0.2 | 658 | 9.7% | |
| 0.2 to 0.3 | 657 | 9.6% | |
| 0.3 to 0.4 | 853 | 12.5% | |
| 0.4 to 0.5 | 853 | 12.5% | |
| 0.5 to 0.6 | 703 | 10.3% | |
| 0.6 to 0.7 | 703 | 10.3% | |
| 0.7 to 0.8 | 338 | 5.0% | |
| 0.8 to 0.9 | 337 | 4.9% | |
| 0.9 to 1.0 | 61 | 0.9% |
Frequently asked questions
What is the average correlation of TY?
TRI-Continental Corporation (TY) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TY positively correlated with other stocks?
Mostly yes — 81.1% of pairs are positive and 18.9% are negative. Strong positive correlations (≥0.7) make up 10.8%.
What is the most common correlation range for TY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.9% of all pairs.
Explore the full interactive correlation distribution for TY.
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