The Gabelli Utility & Income Trust (GLU) Correlation Distribution
Across 6,809 rolling correlation observations between The Gabelli Utility & Income Trust (GLU) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.33, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.33
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 30.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 170 | 2.5% | |
| -0.6 to -0.5 | 169 | 2.5% | |
| -0.5 to -0.4 | 300 | 4.4% | |
| -0.4 to -0.3 | 299 | 4.4% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 290 | 4.3% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 276 | 4.1% | |
| 0.2 to 0.3 | 276 | 4.1% | |
| 0.3 to 0.4 | 375 | 5.5% | |
| 0.4 to 0.5 | 374 | 5.5% | |
| 0.5 to 0.6 | 647 | 9.5% | |
| 0.6 to 0.7 | 646 | 9.5% | |
| 0.7 to 0.8 | 944 | 13.9% | |
| 0.8 to 0.9 | 943 | 13.8% | |
| 0.9 to 1.0 | 209 | 3.1% |
Frequently asked questions
What is the average correlation of GLU?
The Gabelli Utility & Income Trust (GLU) has an average correlation of about 0.33 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GLU positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for GLU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for GLU.
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