BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) Correlation Distribution
Across 6,809 rolling correlation observations between BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) and other NASDAQ-listed stocks, 77.1% are positive and 22.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 15.8% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.328
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.1%
- Strong positive (≥0.7)
- 15.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 66 | 1.0% | |
| -0.6 to -0.5 | 66 | 1.0% | |
| -0.5 to -0.4 | 171 | 2.5% | |
| -0.4 to -0.3 | 171 | 2.5% | |
| -0.3 to -0.2 | 351 | 5.2% | |
| -0.2 to -0.1 | 350 | 5.1% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 374 | 5.5% | |
| 0.1 to 0.2 | 396 | 5.8% | |
| 0.2 to 0.3 | 396 | 5.8% | |
| 0.3 to 0.4 | 568 | 8.3% | |
| 0.4 to 0.5 | 568 | 8.3% | |
| 0.5 to 0.6 | 938 | 13.8% | |
| 0.6 to 0.7 | 938 | 13.8% | |
| 0.7 to 0.8 | 536 | 7.9% | |
| 0.8 to 0.9 | 535 | 7.9% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of BUI?
BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BUI positively correlated with other stocks?
Mostly yes — 77.1% of pairs are positive and 22.9% are negative. Strong positive correlations (≥0.7) make up 15.8%.
What is the most common correlation range for BUI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.9% of all pairs.
Explore the full interactive correlation distribution for BUI.
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