Saba Capital Income & Opportunities Fund (BRW) Correlation Distribution
Across 6,806 rolling correlation observations between Saba Capital Income & Opportunities Fund (BRW) and other NASDAQ-listed stocks, 71.5% are positive and 28.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.8% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,806
- Mean correlation
- 0.328
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.5%
- Strong positive (≥0.7)
- 39.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 164 | 2.4% | |
| -0.8 to -0.7 | 163 | 2.4% | |
| -0.7 to -0.6 | 288 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 232 | 3.4% | |
| -0.4 to -0.3 | 232 | 3.4% | |
| -0.3 to -0.2 | 185 | 2.7% | |
| -0.2 to -0.1 | 184 | 2.7% | |
| -0.1 to 0.0 | 206 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 298 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 458 | 6.7% | |
| 0.6 to 0.7 | 457 | 6.7% | |
| 0.7 to 0.8 | 1,177 | 17.3% | |
| 0.8 to 0.9 | 1,177 | 17.3% | |
| 0.9 to 1.0 | 357 | 5.2% |
Frequently asked questions
What is the average correlation of BRW?
Saba Capital Income & Opportunities Fund (BRW) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BRW positively correlated with other stocks?
Mostly yes — 71.5% of pairs are positive and 28.5% are negative. Strong positive correlations (≥0.7) make up 39.8%.
What is the most common correlation range for BRW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for BRW.
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