BLACKROCK MUNICIPAL INCOME QUALITY TRUST (BYM) Correlation Distribution
Across 6,809 rolling correlation observations between BLACKROCK MUNICIPAL INCOME QUALITY TRUST (BYM) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.1% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- 0.307
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 36.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 111 | 1.6% | |
| -0.8 to -0.7 | 111 | 1.6% | |
| -0.7 to -0.6 | 295 | 4.3% | |
| -0.6 to -0.5 | 295 | 4.3% | |
| -0.5 to -0.4 | 253 | 3.7% | |
| -0.4 to -0.3 | 253 | 3.7% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 250 | 3.7% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 297 | 4.4% | |
| 0.5 to 0.6 | 460 | 6.8% | |
| 0.6 to 0.7 | 459 | 6.7% | |
| 0.7 to 0.8 | 947 | 13.9% | |
| 0.8 to 0.9 | 947 | 13.9% | |
| 0.9 to 1.0 | 561 | 8.2% |
Frequently asked questions
What is the average correlation of BYM?
BLACKROCK MUNICIPAL INCOME QUALITY TRUST (BYM) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BYM positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 36.1%.
What is the most common correlation range for BYM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.4% of all pairs.
Explore the full interactive correlation distribution for BYM.
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