BlackRock Enhanced Equity Dividend Trust (BDJ) Correlation Distribution
Across 6,809 rolling correlation observations between BlackRock Enhanced Equity Dividend Trust (BDJ) and other NASDAQ-listed stocks, 76.6% are positive and 23.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- 0.306
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.6%
- Strong positive (≥0.7)
- 16.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 63 | 0.9% | |
| -0.8 to -0.7 | 62 | 0.9% | |
| -0.7 to -0.6 | 63 | 0.9% | |
| -0.6 to -0.5 | 62 | 0.9% | |
| -0.5 to -0.4 | 143 | 2.1% | |
| -0.4 to -0.3 | 143 | 2.1% | |
| -0.3 to -0.2 | 335 | 4.9% | |
| -0.2 to -0.1 | 335 | 4.9% | |
| -0.1 to 0.0 | 384 | 5.6% | |
| 0.0 to 0.1 | 383 | 5.6% | |
| 0.1 to 0.2 | 466 | 6.8% | |
| 0.2 to 0.3 | 466 | 6.8% | |
| 0.3 to 0.4 | 614 | 9.0% | |
| 0.4 to 0.5 | 614 | 9.0% | |
| 0.5 to 0.6 | 774 | 11.4% | |
| 0.6 to 0.7 | 774 | 11.4% | |
| 0.7 to 0.8 | 550 | 8.1% | |
| 0.8 to 0.9 | 549 | 8.1% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of BDJ?
BlackRock Enhanced Equity Dividend Trust (BDJ) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BDJ positively correlated with other stocks?
Mostly yes — 76.6% of pairs are positive and 23.4% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for BDJ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.8% of all pairs.
Explore the full interactive correlation distribution for BDJ.
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