MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) Correlation Distribution
Across 6,809 rolling correlation observations between MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.276, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.5% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,809
- Mean correlation
- 0.276
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 37.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 22 | 0.3% | |
| -0.9 to -0.8 | 267 | 3.9% | |
| -0.8 to -0.7 | 266 | 3.9% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 230 | 3.4% | |
| -0.4 to -0.3 | 230 | 3.4% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 228 | 3.3% | |
| 0.2 to 0.3 | 227 | 3.3% | |
| 0.3 to 0.4 | 278 | 4.1% | |
| 0.4 to 0.5 | 278 | 4.1% | |
| 0.5 to 0.6 | 402 | 5.9% | |
| 0.6 to 0.7 | 402 | 5.9% | |
| 0.7 to 0.8 | 911 | 13.4% | |
| 0.8 to 0.9 | 910 | 13.4% | |
| 0.9 to 1.0 | 732 | 10.8% |
Frequently asked questions
What is the average correlation of CAF?
MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) has an average correlation of about 0.276 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CAF positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 37.5%.
What is the most common correlation range for CAF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for CAF.
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