abrdn Total Dynamic Dividend Fund (AOD) Correlation Distribution
Across 6,809 rolling correlation observations between abrdn Total Dynamic Dividend Fund (AOD) and other NASDAQ-listed stocks, 77.3% are positive and 22.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.346, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.346
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.3%
- Strong positive (≥0.7)
- 20.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 69 | 1.0% | |
| -0.6 to -0.5 | 69 | 1.0% | |
| -0.5 to -0.4 | 165 | 2.4% | |
| -0.4 to -0.3 | 164 | 2.4% | |
| -0.3 to -0.2 | 362 | 5.3% | |
| -0.2 to -0.1 | 362 | 5.3% | |
| -0.1 to 0.0 | 345 | 5.1% | |
| 0.0 to 0.1 | 345 | 5.1% | |
| 0.1 to 0.2 | 371 | 5.4% | |
| 0.2 to 0.3 | 370 | 5.4% | |
| 0.3 to 0.4 | 567 | 8.3% | |
| 0.4 to 0.5 | 566 | 8.3% | |
| 0.5 to 0.6 | 816 | 12.0% | |
| 0.6 to 0.7 | 815 | 12.0% | |
| 0.7 to 0.8 | 662 | 9.7% | |
| 0.8 to 0.9 | 661 | 9.7% | |
| 0.9 to 1.0 | 88 | 1.3% |
Frequently asked questions
What is the average correlation of AOD?
abrdn Total Dynamic Dividend Fund (AOD) has an average correlation of about 0.346 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AOD positively correlated with other stocks?
Mostly yes — 77.3% of pairs are positive and 22.7% are negative. Strong positive correlations (≥0.7) make up 20.7%.
What is the most common correlation range for AOD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.6% of all pairs.
Explore the full interactive correlation distribution for AOD.
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