Cohen & Steers Closed End Opportunity Fund (FOF) Correlation Distribution
Across 6,809 rolling correlation observations between Cohen & Steers Closed End Opportunity Fund (FOF) and other NASDAQ-listed stocks, 79.2% are positive and 20.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.335, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 16.6% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.335
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79.2%
- Strong positive (≥0.7)
- 16.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 86 | 1.3% | |
| -0.6 to -0.5 | 85 | 1.2% | |
| -0.5 to -0.4 | 155 | 2.3% | |
| -0.4 to -0.3 | 154 | 2.3% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 263 | 3.9% | |
| -0.1 to 0.0 | 376 | 5.5% | |
| 0.0 to 0.1 | 375 | 5.5% | |
| 0.1 to 0.2 | 445 | 6.5% | |
| 0.2 to 0.3 | 445 | 6.5% | |
| 0.3 to 0.4 | 633 | 9.3% | |
| 0.4 to 0.5 | 633 | 9.3% | |
| 0.5 to 0.6 | 864 | 12.7% | |
| 0.6 to 0.7 | 864 | 12.7% | |
| 0.7 to 0.8 | 530 | 7.8% | |
| 0.8 to 0.9 | 530 | 7.8% | |
| 0.9 to 1.0 | 73 | 1.1% |
Frequently asked questions
What is the average correlation of FOF?
Cohen & Steers Closed End Opportunity Fund (FOF) has an average correlation of about 0.335 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FOF positively correlated with other stocks?
Mostly yes — 79.2% of pairs are positive and 20.8% are negative. Strong positive correlations (≥0.7) make up 16.6%.
What is the most common correlation range for FOF?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for FOF.
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