Destra Multi-Alternative Fund (DMA) Correlation Distribution
Across 6,775 rolling correlation observations between Destra Multi-Alternative Fund (DMA) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.179, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,775
- Mean correlation
- 0.179
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 10.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 193 | 2.8% | |
| -0.6 to -0.5 | 193 | 2.8% | |
| -0.5 to -0.4 | 268 | 4.0% | |
| -0.4 to -0.3 | 268 | 4.0% | |
| -0.3 to -0.2 | 356 | 5.3% | |
| -0.2 to -0.1 | 355 | 5.2% | |
| -0.1 to 0.0 | 423 | 6.2% | |
| 0.0 to 0.1 | 423 | 6.2% | |
| 0.1 to 0.2 | 539 | 8.0% | |
| 0.2 to 0.3 | 538 | 7.9% | |
| 0.3 to 0.4 | 524 | 7.7% | |
| 0.4 to 0.5 | 524 | 7.7% | |
| 0.5 to 0.6 | 632 | 9.3% | |
| 0.6 to 0.7 | 631 | 9.3% | |
| 0.7 to 0.8 | 347 | 5.1% | |
| 0.8 to 0.9 | 346 | 5.1% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of DMA?
Destra Multi-Alternative Fund (DMA) has an average correlation of about 0.179 with other NASDAQ stocks, based on 6,775 pairwise observations.
Is DMA positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for DMA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.9% of all pairs.
Explore the full interactive correlation distribution for DMA.
Open interactive dashboard →