BLACKROCK MULTI-SECTOR INCOME TRUST (BIT) Correlation Distribution
Across 6,809 rolling correlation observations between BLACKROCK MULTI-SECTOR INCOME TRUST (BIT) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.333, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.333
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 32.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 170 | 2.5% | |
| -0.6 to -0.5 | 170 | 2.5% | |
| -0.5 to -0.4 | 325 | 4.8% | |
| -0.4 to -0.3 | 325 | 4.8% | |
| -0.3 to -0.2 | 319 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 275 | 4.0% | |
| 0.2 to 0.3 | 275 | 4.0% | |
| 0.3 to 0.4 | 352 | 5.2% | |
| 0.4 to 0.5 | 352 | 5.2% | |
| 0.5 to 0.6 | 570 | 8.4% | |
| 0.6 to 0.7 | 570 | 8.4% | |
| 0.7 to 0.8 | 957 | 14.1% | |
| 0.8 to 0.9 | 957 | 14.1% | |
| 0.9 to 1.0 | 275 | 4.0% |
Frequently asked questions
What is the average correlation of BIT?
BLACKROCK MULTI-SECTOR INCOME TRUST (BIT) has an average correlation of about 0.333 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BIT positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 32.1%.
What is the most common correlation range for BIT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26% of all pairs.
Explore the full interactive correlation distribution for BIT.
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