Blackstone Long-Short Credit Income Fund (BGX) Correlation Distribution
Across 6,809 rolling correlation observations between Blackstone Long-Short Credit Income Fund (BGX) and other NASDAQ-listed stocks, 74.3% are positive and 25.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 24.3% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0.327
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.3%
- Strong positive (≥0.7)
- 24.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 36 | 0.5% | |
| -0.7 to -0.6 | 139 | 2.0% | |
| -0.6 to -0.5 | 138 | 2.0% | |
| -0.5 to -0.4 | 235 | 3.5% | |
| -0.4 to -0.3 | 235 | 3.5% | |
| -0.3 to -0.2 | 319 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 289 | 4.2% | |
| 0.0 to 0.1 | 289 | 4.2% | |
| 0.1 to 0.2 | 348 | 5.1% | |
| 0.2 to 0.3 | 348 | 5.1% | |
| 0.3 to 0.4 | 436 | 6.4% | |
| 0.4 to 0.5 | 436 | 6.4% | |
| 0.5 to 0.6 | 774 | 11.4% | |
| 0.6 to 0.7 | 774 | 11.4% | |
| 0.7 to 0.8 | 743 | 10.9% | |
| 0.8 to 0.9 | 742 | 10.9% | |
| 0.9 to 1.0 | 172 | 2.5% |
Frequently asked questions
What is the average correlation of BGX?
Blackstone Long-Short Credit Income Fund (BGX) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BGX positively correlated with other stocks?
Mostly yes — 74.3% of pairs are positive and 25.7% are negative. Strong positive correlations (≥0.7) make up 24.3%.
What is the most common correlation range for BGX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.1% of all pairs.
Explore the full interactive correlation distribution for BGX.
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