Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) Correlation Distribution
Across 6,809 rolling correlation observations between Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and other NASDAQ-listed stocks, 67.3% are positive and 32.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.28, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 36.4% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,809
- Mean correlation
- 0.28
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.3%
- Strong positive (≥0.7)
- 36.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 191 | 2.8% | |
| -0.8 to -0.7 | 190 | 2.8% | |
| -0.7 to -0.6 | 314 | 4.6% | |
| -0.6 to -0.5 | 313 | 4.6% | |
| -0.5 to -0.4 | 265 | 3.9% | |
| -0.4 to -0.3 | 264 | 3.9% | |
| -0.3 to -0.2 | 223 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 232 | 3.4% | |
| 0.0 to 0.1 | 232 | 3.4% | |
| 0.1 to 0.2 | 254 | 3.7% | |
| 0.2 to 0.3 | 253 | 3.7% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 389 | 5.7% | |
| 0.6 to 0.7 | 389 | 5.7% | |
| 0.7 to 0.8 | 861 | 12.6% | |
| 0.8 to 0.9 | 861 | 12.6% | |
| 0.9 to 1.0 | 756 | 11.1% |
Frequently asked questions
What is the average correlation of GBAB?
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) has an average correlation of about 0.28 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GBAB positively correlated with other stocks?
Mostly yes — 67.3% of pairs are positive and 32.7% are negative. Strong positive correlations (≥0.7) make up 36.4%.
What is the most common correlation range for GBAB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for GBAB.
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