Tortoise Energy Infrastructure Corp. (TYG) Correlation Distribution
Across 6,809 rolling correlation observations between Tortoise Energy Infrastructure Corp. (TYG) and other NASDAQ-listed stocks, 42.5% are positive and 57.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.036, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,809
- Mean correlation
- -0.036
- Most common range
- -0.7 to -0.6
- Positive pairs
- 42.5%
- Strong positive (≥0.7)
- 13.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 190 | 2.8% | |
| -0.8 to -0.7 | 189 | 2.8% | |
| -0.7 to -0.6 | 610 | 9.0% | |
| -0.6 to -0.5 | 609 | 8.9% | |
| -0.5 to -0.4 | 589 | 8.7% | |
| -0.4 to -0.3 | 588 | 8.6% | |
| -0.3 to -0.2 | 426 | 6.3% | |
| -0.2 to -0.1 | 426 | 6.3% | |
| -0.1 to 0.0 | 289 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 272 | 4.0% | |
| 0.2 to 0.3 | 271 | 4.0% | |
| 0.3 to 0.4 | 261 | 3.8% | |
| 0.4 to 0.5 | 261 | 3.8% | |
| 0.5 to 0.6 | 314 | 4.6% | |
| 0.6 to 0.7 | 313 | 4.6% | |
| 0.7 to 0.8 | 429 | 6.3% | |
| 0.8 to 0.9 | 428 | 6.3% | |
| 0.9 to 1.0 | 56 | 0.8% |
Frequently asked questions
What is the average correlation of TYG?
Tortoise Energy Infrastructure Corp. (TYG) has an average correlation of about -0.036 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TYG positively correlated with other stocks?
Not predominantly — 42.5% of pairs are positive and 57.5% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for TYG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for TYG.
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