Alliance National Municipal Income Fund, Inc. (AFB) Correlation Distribution
Across 6,809 rolling correlation observations between Alliance National Municipal Income Fund, Inc. (AFB) and other NASDAQ-listed stocks, 68.7% are positive and 31.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.31, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.6% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- 0.31
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.7%
- Strong positive (≥0.7)
- 35.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 94 | 1.4% | |
| -0.7 to -0.6 | 258 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 291 | 4.3% | |
| -0.4 to -0.3 | 290 | 4.3% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 244 | 3.6% | |
| 0.3 to 0.4 | 298 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 470 | 6.9% | |
| 0.6 to 0.7 | 470 | 6.9% | |
| 0.7 to 0.8 | 919 | 13.5% | |
| 0.8 to 0.9 | 919 | 13.5% | |
| 0.9 to 1.0 | 583 | 8.6% |
Frequently asked questions
What is the average correlation of AFB?
Alliance National Municipal Income Fund, Inc. (AFB) has an average correlation of about 0.31 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AFB positively correlated with other stocks?
Mostly yes — 68.7% of pairs are positive and 31.3% are negative. Strong positive correlations (≥0.7) make up 35.6%.
What is the most common correlation range for AFB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for AFB.
Open interactive dashboard →