BlackRock 2037 Municipal Target Term Trust (BMN) Correlation Distribution
Across 6,436 rolling correlation observations between BlackRock 2037 Municipal Target Term Trust (BMN) and other NASDAQ-listed stocks, 72.3% are positive and 27.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.169, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,436
- Mean correlation
- 0.169
- Most common range
- 0.1 to 0.2
- Positive pairs
- 72.3%
- Strong positive (≥0.7)
- 2.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 60 | 0.9% | |
| -0.6 to -0.5 | 59 | 0.9% | |
| -0.5 to -0.4 | 164 | 2.5% | |
| -0.4 to -0.3 | 164 | 2.5% | |
| -0.3 to -0.2 | 353 | 5.5% | |
| -0.2 to -0.1 | 352 | 5.5% | |
| -0.1 to 0.0 | 605 | 9.4% | |
| 0.0 to 0.1 | 604 | 9.4% | |
| 0.1 to 0.2 | 938 | 14.6% | |
| 0.2 to 0.3 | 938 | 14.6% | |
| 0.3 to 0.4 | 635 | 9.9% | |
| 0.4 to 0.5 | 634 | 9.9% | |
| 0.5 to 0.6 | 382 | 5.9% | |
| 0.6 to 0.7 | 382 | 5.9% | |
| 0.7 to 0.8 | 70 | 1.1% | |
| 0.8 to 0.9 | 70 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BMN?
BlackRock 2037 Municipal Target Term Trust (BMN) has an average correlation of about 0.169 with other NASDAQ stocks, based on 6,436 pairwise observations.
Is BMN positively correlated with other stocks?
Mostly yes — 72.3% of pairs are positive and 27.7% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for BMN?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 58.9% of all pairs.
Explore the full interactive correlation distribution for BMN.
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