BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) Correlation Distribution
Across 6,809 rolling correlation observations between BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.312, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.6% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.312
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 36.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 277 | 4.1% | |
| -0.6 to -0.5 | 276 | 4.1% | |
| -0.5 to -0.4 | 278 | 4.1% | |
| -0.4 to -0.3 | 277 | 4.1% | |
| -0.3 to -0.2 | 265 | 3.9% | |
| -0.2 to -0.1 | 264 | 3.9% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 242 | 3.6% | |
| 0.1 to 0.2 | 239 | 3.5% | |
| 0.2 to 0.3 | 239 | 3.5% | |
| 0.3 to 0.4 | 294 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 455 | 6.7% | |
| 0.6 to 0.7 | 455 | 6.7% | |
| 0.7 to 0.8 | 946 | 13.9% | |
| 0.8 to 0.9 | 946 | 13.9% | |
| 0.9 to 1.0 | 602 | 8.8% |
Frequently asked questions
What is the average correlation of DSM?
BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) has an average correlation of about 0.312 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DSM positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 36.6%.
What is the most common correlation range for DSM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for DSM.
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