Calamos Dynamic Convertible & Income Fund (CCD) Correlation Distribution
Across 6,809 rolling correlation observations between Calamos Dynamic Convertible & Income Fund (CCD) and other NASDAQ-listed stocks, 74.1% are positive and 25.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.351, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.7% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.351
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.1%
- Strong positive (≥0.7)
- 31.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 115 | 1.7% | |
| -0.6 to -0.5 | 115 | 1.7% | |
| -0.5 to -0.4 | 284 | 4.2% | |
| -0.4 to -0.3 | 284 | 4.2% | |
| -0.3 to -0.2 | 321 | 4.7% | |
| -0.2 to -0.1 | 321 | 4.7% | |
| -0.1 to 0.0 | 283 | 4.2% | |
| 0.0 to 0.1 | 282 | 4.1% | |
| 0.1 to 0.2 | 313 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 377 | 5.5% | |
| 0.4 to 0.5 | 377 | 5.5% | |
| 0.5 to 0.6 | 616 | 9.0% | |
| 0.6 to 0.7 | 615 | 9.0% | |
| 0.7 to 0.8 | 996 | 14.6% | |
| 0.8 to 0.9 | 995 | 14.6% | |
| 0.9 to 1.0 | 165 | 2.4% |
Frequently asked questions
What is the average correlation of CCD?
Calamos Dynamic Convertible & Income Fund (CCD) has an average correlation of about 0.351 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CCD positively correlated with other stocks?
Mostly yes — 74.1% of pairs are positive and 25.9% are negative. Strong positive correlations (≥0.7) make up 31.7%.
What is the most common correlation range for CCD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for CCD.
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