BLACKROCK RESOURCES & COMMODITIES STRATEGY TRUST (BCX) Correlation Distribution
Across 6,809 rolling correlation observations between BLACKROCK RESOURCES & COMMODITIES STRATEGY TRUST (BCX) and other NASDAQ-listed stocks, 61.9% are positive and 38.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.111, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.8% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.111
- Most common range
- 0.1 to 0.2
- Positive pairs
- 61.9%
- Strong positive (≥0.7)
- 2.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 128 | 1.9% | |
| -0.6 to -0.5 | 128 | 1.9% | |
| -0.5 to -0.4 | 333 | 4.9% | |
| -0.4 to -0.3 | 332 | 4.9% | |
| -0.3 to -0.2 | 531 | 7.8% | |
| -0.2 to -0.1 | 530 | 7.8% | |
| -0.1 to 0.0 | 570 | 8.4% | |
| 0.0 to 0.1 | 570 | 8.4% | |
| 0.1 to 0.2 | 686 | 10.1% | |
| 0.2 to 0.3 | 686 | 10.1% | |
| 0.3 to 0.4 | 640 | 9.4% | |
| 0.4 to 0.5 | 639 | 9.4% | |
| 0.5 to 0.6 | 400 | 5.9% | |
| 0.6 to 0.7 | 400 | 5.9% | |
| 0.7 to 0.8 | 95 | 1.4% | |
| 0.8 to 0.9 | 94 | 1.4% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of BCX?
BLACKROCK RESOURCES & COMMODITIES STRATEGY TRUST (BCX) has an average correlation of about 0.111 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BCX positively correlated with other stocks?
Mostly yes — 61.9% of pairs are positive and 38.1% are negative. Strong positive correlations (≥0.7) make up 2.8%.
What is the most common correlation range for BCX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 52.5% of all pairs.
Explore the full interactive correlation distribution for BCX.
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