abrdn Asia-Pacific Income Fund, Inc (FAX) Correlation Distribution
Across 6,809 rolling correlation observations between abrdn Asia-Pacific Income Fund, Inc (FAX) and other NASDAQ-listed stocks, 68.1% are positive and 31.9% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.299, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,809
- Mean correlation
- 0.299
- Most common range
- 0.9 to 1.0
- Positive pairs
- 68.1%
- Strong positive (≥0.7)
- 37.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 130 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 306 | 4.5% | |
| -0.6 to -0.5 | 305 | 4.5% | |
| -0.5 to -0.4 | 257 | 3.8% | |
| -0.4 to -0.3 | 256 | 3.8% | |
| -0.3 to -0.2 | 253 | 3.7% | |
| -0.2 to -0.1 | 253 | 3.7% | |
| -0.1 to 0.0 | 271 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 284 | 4.2% | |
| 0.2 to 0.3 | 283 | 4.2% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 267 | 3.9% | |
| 0.5 to 0.6 | 365 | 5.4% | |
| 0.6 to 0.7 | 365 | 5.4% | |
| 0.7 to 0.8 | 825 | 12.1% | |
| 0.8 to 0.9 | 825 | 12.1% | |
| 0.9 to 1.0 | 885 | 13.0% |
Frequently asked questions
What is the average correlation of FAX?
abrdn Asia-Pacific Income Fund, Inc (FAX) has an average correlation of about 0.299 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FAX positively correlated with other stocks?
Mostly yes — 68.1% of pairs are positive and 31.9% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for FAX?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for FAX.
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