Unum Group 6.250% Junior Subordinated Notes due 2058 (UNMA) Correlation Distribution
Across 6,809 rolling correlation observations between Unum Group 6.250% Junior Subordinated Notes due 2058 (UNMA) and other NASDAQ-listed stocks, 69.5% are positive and 30.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.271, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.271
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.5%
- Strong positive (≥0.7)
- 20.9%
- Sector
- Accident & Health Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 178 | 2.6% | |
| -0.6 to -0.5 | 177 | 2.6% | |
| -0.5 to -0.4 | 321 | 4.7% | |
| -0.4 to -0.3 | 321 | 4.7% | |
| -0.3 to -0.2 | 357 | 5.2% | |
| -0.2 to -0.1 | 356 | 5.2% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 311 | 4.6% | |
| 0.1 to 0.2 | 327 | 4.8% | |
| 0.2 to 0.3 | 327 | 4.8% | |
| 0.3 to 0.4 | 436 | 6.4% | |
| 0.4 to 0.5 | 436 | 6.4% | |
| 0.5 to 0.6 | 735 | 10.8% | |
| 0.6 to 0.7 | 735 | 10.8% | |
| 0.7 to 0.8 | 699 | 10.3% | |
| 0.8 to 0.9 | 698 | 10.3% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of UNMA?
Unum Group 6.250% Junior Subordinated Notes due 2058 (UNMA) has an average correlation of about 0.271 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UNMA positively correlated with other stocks?
Mostly yes — 69.5% of pairs are positive and 30.5% are negative. Strong positive correlations (≥0.7) make up 20.9%.
What is the most common correlation range for UNMA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.2% of all pairs.
Explore the full interactive correlation distribution for UNMA.
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