Calamos Convertible Opportunities and Income Fund (CHI) Correlation Distribution
Across 6,809 rolling correlation observations between Calamos Convertible Opportunities and Income Fund (CHI) and other NASDAQ-listed stocks, 74.4% are positive and 25.6% 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 30.9% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.351
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.4%
- Strong positive (≥0.7)
- 30.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 108 | 1.6% | |
| -0.6 to -0.5 | 108 | 1.6% | |
| -0.5 to -0.4 | 306 | 4.5% | |
| -0.4 to -0.3 | 305 | 4.5% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 311 | 4.6% | |
| 0.0 to 0.1 | 311 | 4.6% | |
| 0.1 to 0.2 | 322 | 4.7% | |
| 0.2 to 0.3 | 322 | 4.7% | |
| 0.3 to 0.4 | 380 | 5.6% | |
| 0.4 to 0.5 | 379 | 5.6% | |
| 0.5 to 0.6 | 622 | 9.1% | |
| 0.6 to 0.7 | 621 | 9.1% | |
| 0.7 to 0.8 | 961 | 14.1% | |
| 0.8 to 0.9 | 961 | 14.1% | |
| 0.9 to 1.0 | 185 | 2.7% |
Frequently asked questions
What is the average correlation of CHI?
Calamos Convertible Opportunities and Income Fund (CHI) has an average correlation of about 0.351 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CHI positively correlated with other stocks?
Mostly yes — 74.4% of pairs are positive and 25.6% are negative. Strong positive correlations (≥0.7) make up 30.9%.
What is the most common correlation range for CHI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.3% of all pairs.
Explore the full interactive correlation distribution for CHI.
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