Blackrock Energy and Resources Trust (BGR) Correlation Distribution
Across 6,809 rolling correlation observations between Blackrock Energy and Resources Trust (BGR) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.175, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 26.3%.
- Total observations
- 6,809
- Mean correlation
- -0.175
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 159 | 2.3% | |
| -0.9 to -0.8 | 817 | 12.0% | |
| -0.8 to -0.7 | 816 | 12.0% | |
| -0.7 to -0.6 | 513 | 7.5% | |
| -0.6 to -0.5 | 513 | 7.5% | |
| -0.5 to -0.4 | 336 | 4.9% | |
| -0.4 to -0.3 | 335 | 4.9% | |
| -0.3 to -0.2 | 259 | 3.8% | |
| -0.2 to -0.1 | 258 | 3.8% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 217 | 3.2% | |
| 0.3 to 0.4 | 252 | 3.7% | |
| 0.4 to 0.5 | 252 | 3.7% | |
| 0.5 to 0.6 | 393 | 5.8% | |
| 0.6 to 0.7 | 392 | 5.8% | |
| 0.7 to 0.8 | 277 | 4.1% | |
| 0.8 to 0.9 | 276 | 4.1% | |
| 0.9 to 1.0 | 57 | 0.8% |
Frequently asked questions
What is the average correlation of BGR?
Blackrock Energy and Resources Trust (BGR) has an average correlation of about -0.175 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BGR positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for BGR?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for BGR.
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