Correlworks

FLAHERTY & CRUMRINE DYNAMIC PREFERRED AND INCOME FUND INCORPORATED (DFP) Correlation Distribution

Across 6,809 rolling correlation observations between FLAHERTY & CRUMRINE DYNAMIC PREFERRED AND INCOME FUND INCORPORATED (DFP) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.7% and strong negative correlations (≤−0.7) for 4%.

Total observations
6,809
Mean correlation
0.308
Most common range
0.7 to 0.8
Positive pairs
68.8%
Strong positive (≥0.7)
37.7%

Correlation distribution

Correlation rangePairsShareChart
-1.0 to -0.920.0%
-0.9 to -0.81352.0%
-0.8 to -0.71352.0%
-0.7 to -0.62874.2%
-0.6 to -0.52874.2%
-0.5 to -0.42804.1%
-0.4 to -0.32804.1%
-0.3 to -0.22513.7%
-0.2 to -0.12503.7%
-0.1 to 0.02183.2%
0.0 to 0.12183.2%
0.1 to 0.22333.4%
0.2 to 0.32333.4%
0.3 to 0.42844.2%
0.4 to 0.52834.2%
0.5 to 0.64336.4%
0.6 to 0.74336.4%
0.7 to 0.897114.3%
0.8 to 0.997114.3%
0.9 to 1.06259.2%

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Frequently asked questions

What is the average correlation of DFP?

FLAHERTY & CRUMRINE DYNAMIC PREFERRED AND INCOME FUND INCORPORATED (DFP) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,809 pairwise observations.

Is DFP positively correlated with other stocks?

Mostly yes — 68.8% of pairs are positive and 31.2% are negative. Strong positive correlations (≥0.7) make up 37.7%.

What is the most common correlation range for DFP?

The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.

Explore the full interactive correlation distribution for DFP.

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