BlackRock Enhanced International Dividend Trust (BGY) Correlation Distribution
Across 6,809 rolling correlation observations between BlackRock Enhanced International Dividend Trust (BGY) and other NASDAQ-listed stocks, 77.3% are positive and 22.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.317, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 14% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.317
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.3%
- Strong positive (≥0.7)
- 14%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 56 | 0.8% | |
| -0.6 to -0.5 | 56 | 0.8% | |
| -0.5 to -0.4 | 193 | 2.8% | |
| -0.4 to -0.3 | 193 | 2.8% | |
| -0.3 to -0.2 | 314 | 4.6% | |
| -0.2 to -0.1 | 314 | 4.6% | |
| -0.1 to 0.0 | 411 | 6.0% | |
| 0.0 to 0.1 | 411 | 6.0% | |
| 0.1 to 0.2 | 435 | 6.4% | |
| 0.2 to 0.3 | 435 | 6.4% | |
| 0.3 to 0.4 | 623 | 9.1% | |
| 0.4 to 0.5 | 622 | 9.1% | |
| 0.5 to 0.6 | 892 | 13.1% | |
| 0.6 to 0.7 | 892 | 13.1% | |
| 0.7 to 0.8 | 469 | 6.9% | |
| 0.8 to 0.9 | 468 | 6.9% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of BGY?
BlackRock Enhanced International Dividend Trust (BGY) has an average correlation of about 0.317 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BGY positively correlated with other stocks?
Mostly yes — 77.3% of pairs are positive and 22.7% are negative. Strong positive correlations (≥0.7) make up 14%.
What is the most common correlation range for BGY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.1% of all pairs.
Explore the full interactive correlation distribution for BGY.
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