FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND (FPF) Correlation Distribution
Across 6,809 rolling correlation observations between FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND (FPF) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.318, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.7% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- 0.318
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 33.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 78 | 1.1% | |
| -0.8 to -0.7 | 78 | 1.1% | |
| -0.7 to -0.6 | 231 | 3.4% | |
| -0.6 to -0.5 | 230 | 3.4% | |
| -0.5 to -0.4 | 313 | 4.6% | |
| -0.4 to -0.3 | 312 | 4.6% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 262 | 3.8% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 253 | 3.7% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 322 | 4.7% | |
| 0.4 to 0.5 | 321 | 4.7% | |
| 0.5 to 0.6 | 555 | 8.2% | |
| 0.6 to 0.7 | 554 | 8.1% | |
| 0.7 to 0.8 | 921 | 13.5% | |
| 0.8 to 0.9 | 921 | 13.5% | |
| 0.9 to 1.0 | 456 | 6.7% |
Frequently asked questions
What is the average correlation of FPF?
FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND (FPF) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FPF positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 33.7%.
What is the most common correlation range for FPF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for FPF.
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