ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) Correlation Distribution
Across 6,809 rolling correlation observations between ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.123, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.3% and strong negative correlations (≤−0.7) for 21.1%.
- Total observations
- 6,809
- Mean correlation
- -0.123
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 17.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 708 | 10.4% | |
| -0.8 to -0.7 | 708 | 10.4% | |
| -0.7 to -0.6 | 688 | 10.1% | |
| -0.6 to -0.5 | 687 | 10.1% | |
| -0.5 to -0.4 | 345 | 5.1% | |
| -0.4 to -0.3 | 345 | 5.1% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 191 | 2.8% | |
| 0.2 to 0.3 | 191 | 2.8% | |
| 0.3 to 0.4 | 185 | 2.7% | |
| 0.4 to 0.5 | 184 | 2.7% | |
| 0.5 to 0.6 | 248 | 3.6% | |
| 0.6 to 0.7 | 247 | 3.6% | |
| 0.7 to 0.8 | 433 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 314 | 4.6% |
Frequently asked questions
What is the average correlation of EMO?
ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) has an average correlation of about -0.123 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EMO positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 17.3%.
What is the most common correlation range for EMO?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for EMO.
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