First Trust Senior Floating Rate Income Fund II (FCT) Correlation Distribution
Across 6,809 rolling correlation observations between First Trust Senior Floating Rate Income Fund II (FCT) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.317, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.3% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.317
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 31.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 208 | 3.1% | |
| -0.6 to -0.5 | 207 | 3.0% | |
| -0.5 to -0.4 | 370 | 5.4% | |
| -0.4 to -0.3 | 369 | 5.4% | |
| -0.3 to -0.2 | 276 | 4.1% | |
| -0.2 to -0.1 | 275 | 4.0% | |
| -0.1 to 0.0 | 255 | 3.7% | |
| 0.0 to 0.1 | 254 | 3.7% | |
| 0.1 to 0.2 | 248 | 3.6% | |
| 0.2 to 0.3 | 248 | 3.6% | |
| 0.3 to 0.4 | 331 | 4.9% | |
| 0.4 to 0.5 | 331 | 4.9% | |
| 0.5 to 0.6 | 631 | 9.3% | |
| 0.6 to 0.7 | 631 | 9.3% | |
| 0.7 to 0.8 | 1,000 | 14.7% | |
| 0.8 to 0.9 | 999 | 14.7% | |
| 0.9 to 1.0 | 133 | 2.0% |
Frequently asked questions
What is the average correlation of FCT?
First Trust Senior Floating Rate Income Fund II (FCT) has an average correlation of about 0.317 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FCT positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 31.3%.
What is the most common correlation range for FCT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for FCT.
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