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| ETR | CTR3 | MRSH | LEV | SIZE | ROA | GROWTH | TOP1 |
| ETR | Correlation Distinctiveness | 1
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| CTR | Correlation Distinctiveness | 0.011 0.599 | 1 |
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| MRS | Correlation Distinctiveness | −0.035 0.090 | −0.328** 0.000 | 1 |
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| LEV | Correlation Distinctiveness | 0.084** 0.000 | 0.143** 0.000 | −0.194** 0.000 | 1 |
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| SIZE | Correlation Distinctiveness | 0.100** 0.000 | 0.484** 0.000 | −0.054** 0.008 | 0.473** 0.000 | 1 |
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| ROA | Correlation Distinctiveness | 0.120** 0.000 | 0.063** 0.002 | 0.095** 0.000 | −0.246** 0.000 | 0.053** 0.010 | 1 |
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| GROWTH | Correlation Distinctiveness | 0.013 0.522 | −0.005 0.813 | 0.089** 0.000 | 0.033 0.107 | 0.060** 0.003 | 0.026 0.201 | 1 |
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| TOP1 | Correlation Distinctiveness | 0.036 0.077 | −0.037 0.074 | −0.027 0.191 | −0.052* 0.011 | −0.057** 0.005 | 0.128** 0.000 | −0.004 0.828 | 1 |