BlackRock Enhanced Global Dividend Trust (BOE) Correlation Distribution
Across 6,809 rolling correlation observations between BlackRock Enhanced Global Dividend Trust (BOE) and other NASDAQ-listed stocks, 80.5% are positive and 19.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.326, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.326
- Most common range
- 0.5 to 0.6
- Positive pairs
- 80.5%
- Strong positive (≥0.7)
- 13.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 87 | 1.3% | |
| -0.5 to -0.4 | 139 | 2.0% | |
| -0.4 to -0.3 | 139 | 2.0% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 370 | 5.4% | |
| 0.0 to 0.1 | 369 | 5.4% | |
| 0.1 to 0.2 | 531 | 7.8% | |
| 0.2 to 0.3 | 531 | 7.8% | |
| 0.3 to 0.4 | 710 | 10.4% | |
| 0.4 to 0.5 | 710 | 10.4% | |
| 0.5 to 0.6 | 844 | 12.4% | |
| 0.6 to 0.7 | 843 | 12.4% | |
| 0.7 to 0.8 | 436 | 6.4% | |
| 0.8 to 0.9 | 435 | 6.4% | |
| 0.9 to 1.0 | 75 | 1.1% |
Frequently asked questions
What is the average correlation of BOE?
BlackRock Enhanced Global Dividend Trust (BOE) has an average correlation of about 0.326 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BOE positively correlated with other stocks?
Mostly yes — 80.5% of pairs are positive and 19.5% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for BOE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.3% of all pairs.
Explore the full interactive correlation distribution for BOE.
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