Blackrock Floating Rate Income Strategies Fund, Inc. (FRA) Correlation Distribution
Across 6,809 rolling correlation observations between Blackrock Floating Rate Income Strategies Fund, Inc. (FRA) and other NASDAQ-listed stocks, 76.4% are positive and 23.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.233, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.233
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.4%
- Strong positive (≥0.7)
- 6.1%
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 | 84 | 1.2% | |
| -0.6 to -0.5 | 84 | 1.2% | |
| -0.5 to -0.4 | 143 | 2.1% | |
| -0.4 to -0.3 | 143 | 2.1% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 291 | 4.3% | |
| -0.1 to 0.0 | 527 | 7.7% | |
| 0.0 to 0.1 | 526 | 7.7% | |
| 0.1 to 0.2 | 771 | 11.3% | |
| 0.2 to 0.3 | 770 | 11.3% | |
| 0.3 to 0.4 | 800 | 11.7% | |
| 0.4 to 0.5 | 799 | 11.7% | |
| 0.5 to 0.6 | 561 | 8.2% | |
| 0.6 to 0.7 | 560 | 8.2% | |
| 0.7 to 0.8 | 205 | 3.0% | |
| 0.8 to 0.9 | 204 | 3.0% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of FRA?
Blackrock Floating Rate Income Strategies Fund, Inc. (FRA) has an average correlation of about 0.233 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FRA positively correlated with other stocks?
Mostly yes — 76.4% of pairs are positive and 23.6% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for FRA?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.6% of all pairs.
Explore the full interactive correlation distribution for FRA.
Open interactive dashboard →