BlackRock Capital Allocation Term Trust (BCAT) Correlation Distribution
Across 6,808 rolling correlation observations between BlackRock Capital Allocation Term Trust (BCAT) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% 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 34.4% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,808
- Mean correlation
- 0.31
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.8%
- Strong positive (≥0.7)
- 34.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 219 | 3.2% | |
| -0.6 to -0.5 | 218 | 3.2% | |
| -0.5 to -0.4 | 329 | 4.8% | |
| -0.4 to -0.3 | 328 | 4.8% | |
| -0.3 to -0.2 | 324 | 4.8% | |
| -0.2 to -0.1 | 323 | 4.7% | |
| -0.1 to 0.0 | 262 | 3.8% | |
| 0.0 to 0.1 | 261 | 3.8% | |
| 0.1 to 0.2 | 276 | 4.1% | |
| 0.2 to 0.3 | 275 | 4.0% | |
| 0.3 to 0.4 | 328 | 4.8% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 436 | 6.4% | |
| 0.6 to 0.7 | 436 | 6.4% | |
| 0.7 to 0.8 | 872 | 12.8% | |
| 0.8 to 0.9 | 871 | 12.8% | |
| 0.9 to 1.0 | 601 | 8.8% |
Frequently asked questions
What is the average correlation of BCAT?
BlackRock Capital Allocation Term Trust (BCAT) has an average correlation of about 0.31 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BCAT positively correlated with other stocks?
Mostly yes — 68.8% of pairs are positive and 31.2% are negative. Strong positive correlations (≥0.7) make up 34.4%.
What is the most common correlation range for BCAT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for BCAT.
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