BlackRock Municipal Income Trust (BFK) Correlation Distribution
Across 6,809 rolling correlation observations between BlackRock Municipal Income Trust (BFK) and other NASDAQ-listed stocks, 68.3% are positive and 31.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- 0.303
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.3%
- Strong positive (≥0.7)
- 37.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 127 | 1.9% | |
| -0.8 to -0.7 | 127 | 1.9% | |
| -0.7 to -0.6 | 294 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 266 | 3.9% | |
| -0.3 to -0.2 | 266 | 3.9% | |
| -0.2 to -0.1 | 265 | 3.9% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 248 | 3.6% | |
| 0.2 to 0.3 | 247 | 3.6% | |
| 0.3 to 0.4 | 285 | 4.2% | |
| 0.4 to 0.5 | 285 | 4.2% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 400 | 5.9% | |
| 0.7 to 0.8 | 902 | 13.2% | |
| 0.8 to 0.9 | 901 | 13.2% | |
| 0.9 to 1.0 | 732 | 10.8% |
Frequently asked questions
What is the average correlation of BFK?
BlackRock Municipal Income Trust (BFK) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BFK positively correlated with other stocks?
Mostly yes — 68.3% of pairs are positive and 31.7% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for BFK?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.4% of all pairs.
Explore the full interactive correlation distribution for BFK.
Open interactive dashboard →