The Gabelli Dividend & Income Trust (GDV) Correlation Distribution
Across 6,809 rolling correlation observations between The Gabelli Dividend & Income Trust (GDV) and other NASDAQ-listed stocks, 81.2% are positive and 18.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.302, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 11.6% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.302
- Most common range
- 0.3 to 0.4
- Positive pairs
- 81.2%
- Strong positive (≥0.7)
- 11.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 91 | 1.3% | |
| -0.6 to -0.5 | 90 | 1.3% | |
| -0.5 to -0.4 | 125 | 1.8% | |
| -0.4 to -0.3 | 125 | 1.8% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 212 | 3.1% | |
| -0.1 to 0.0 | 378 | 5.6% | |
| 0.0 to 0.1 | 378 | 5.6% | |
| 0.1 to 0.2 | 670 | 9.8% | |
| 0.2 to 0.3 | 670 | 9.8% | |
| 0.3 to 0.4 | 836 | 12.3% | |
| 0.4 to 0.5 | 836 | 12.3% | |
| 0.5 to 0.6 | 675 | 9.9% | |
| 0.6 to 0.7 | 675 | 9.9% | |
| 0.7 to 0.8 | 361 | 5.3% | |
| 0.8 to 0.9 | 361 | 5.3% | |
| 0.9 to 1.0 | 68 | 1.0% |
Frequently asked questions
What is the average correlation of GDV?
The Gabelli Dividend & Income Trust (GDV) has an average correlation of about 0.302 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GDV positively correlated with other stocks?
Mostly yes — 81.2% of pairs are positive and 18.8% are negative. Strong positive correlations (≥0.7) make up 11.6%.
What is the most common correlation range for GDV?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 37% of all pairs.
Explore the full interactive correlation distribution for GDV.
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