Blackrock Long-Term Municipal Advantage Trust (BTA) Correlation Distribution
Across 6,809 rolling correlation observations between Blackrock Long-Term Municipal Advantage Trust (BTA) and other NASDAQ-listed stocks, 69.1% are positive and 30.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.304, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.9% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.304
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.1%
- Strong positive (≥0.7)
- 32.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 62 | 0.9% | |
| -0.7 to -0.6 | 267 | 3.9% | |
| -0.6 to -0.5 | 267 | 3.9% | |
| -0.5 to -0.4 | 289 | 4.2% | |
| -0.4 to -0.3 | 288 | 4.2% | |
| -0.3 to -0.2 | 306 | 4.5% | |
| -0.2 to -0.1 | 306 | 4.5% | |
| -0.1 to 0.0 | 258 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 327 | 4.8% | |
| 0.4 to 0.5 | 326 | 4.8% | |
| 0.5 to 0.6 | 534 | 7.8% | |
| 0.6 to 0.7 | 533 | 7.8% | |
| 0.7 to 0.8 | 952 | 14.0% | |
| 0.8 to 0.9 | 952 | 14.0% | |
| 0.9 to 1.0 | 338 | 5.0% |
Frequently asked questions
What is the average correlation of BTA?
Blackrock Long-Term Municipal Advantage Trust (BTA) has an average correlation of about 0.304 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BTA positively correlated with other stocks?
Mostly yes — 69.1% of pairs are positive and 30.9% are negative. Strong positive correlations (≥0.7) make up 32.9%.
What is the most common correlation range for BTA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for BTA.
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