NUVEEN S&P BUY-WRITE INCOME FUND (BXMX) Correlation Distribution
Across 6,809 rolling correlation observations between NUVEEN S&P BUY-WRITE INCOME FUND (BXMX) and other NASDAQ-listed stocks, 80.3% are positive and 19.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.278, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.278
- Most common range
- 0.1 to 0.2
- Positive pairs
- 80.3%
- Strong positive (≥0.7)
- 8.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 42 | 0.6% | |
| -0.6 to -0.5 | 42 | 0.6% | |
| -0.5 to -0.4 | 130 | 1.9% | |
| -0.4 to -0.3 | 129 | 1.9% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 458 | 6.7% | |
| 0.0 to 0.1 | 458 | 6.7% | |
| 0.1 to 0.2 | 810 | 11.9% | |
| 0.2 to 0.3 | 810 | 11.9% | |
| 0.3 to 0.4 | 776 | 11.4% | |
| 0.4 to 0.5 | 775 | 11.4% | |
| 0.5 to 0.6 | 642 | 9.4% | |
| 0.6 to 0.7 | 642 | 9.4% | |
| 0.7 to 0.8 | 276 | 4.1% | |
| 0.8 to 0.9 | 275 | 4.0% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of BXMX?
NUVEEN S&P BUY-WRITE INCOME FUND (BXMX) has an average correlation of about 0.278 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BXMX positively correlated with other stocks?
Mostly yes — 80.3% of pairs are positive and 19.7% are negative. Strong positive correlations (≥0.7) make up 8.1%.
What is the most common correlation range for BXMX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 45.2% of all pairs.
Explore the full interactive correlation distribution for BXMX.
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