Guggenheim Active Allocation Fund (GUG) Correlation Distribution
Across 6,792 rolling correlation observations between Guggenheim Active Allocation Fund (GUG) and other NASDAQ-listed stocks, 76.6% are positive and 23.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.332, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 23.3% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,792
- Mean correlation
- 0.332
- Most common range
- 0.7 to 0.8
- Positive pairs
- 76.6%
- Strong positive (≥0.7)
- 23.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 108 | 1.6% | |
| -0.6 to -0.5 | 108 | 1.6% | |
| -0.5 to -0.4 | 189 | 2.8% | |
| -0.4 to -0.3 | 189 | 2.8% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 424 | 6.2% | |
| 0.0 to 0.1 | 423 | 6.2% | |
| 0.1 to 0.2 | 442 | 6.5% | |
| 0.2 to 0.3 | 442 | 6.5% | |
| 0.3 to 0.4 | 513 | 7.6% | |
| 0.4 to 0.5 | 512 | 7.5% | |
| 0.5 to 0.6 | 643 | 9.5% | |
| 0.6 to 0.7 | 643 | 9.5% | |
| 0.7 to 0.8 | 656 | 9.7% | |
| 0.8 to 0.9 | 655 | 9.6% | |
| 0.9 to 1.0 | 273 | 4.0% |
Frequently asked questions
What is the average correlation of GUG?
Guggenheim Active Allocation Fund (GUG) has an average correlation of about 0.332 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is GUG positively correlated with other stocks?
Mostly yes — 76.6% of pairs are positive and 23.4% are negative. Strong positive correlations (≥0.7) make up 23.3%.
What is the most common correlation range for GUG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 33.5% of all pairs.
Explore the full interactive correlation distribution for GUG.
Open interactive dashboard →