GABELLI UTILITY TRUST (GUT) Correlation Distribution
Across 6,809 rolling correlation observations between GABELLI UTILITY TRUST (GUT) and other NASDAQ-listed stocks, 65.8% are positive and 34.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.191, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.4% and strong negative correlations (≤−0.7) for 11.2%.
- Total observations
- 6,809
- Mean correlation
- 0.191
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.8%
- Strong positive (≥0.7)
- 19.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 378 | 5.6% | |
| -0.8 to -0.7 | 377 | 5.5% | |
| -0.7 to -0.6 | 282 | 4.1% | |
| -0.6 to -0.5 | 281 | 4.1% | |
| -0.5 to -0.4 | 210 | 3.1% | |
| -0.4 to -0.3 | 209 | 3.1% | |
| -0.3 to -0.2 | 192 | 2.8% | |
| -0.2 to -0.1 | 191 | 2.8% | |
| -0.1 to 0.0 | 198 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 383 | 5.6% | |
| 0.4 to 0.5 | 383 | 5.6% | |
| 0.5 to 0.6 | 861 | 12.6% | |
| 0.6 to 0.7 | 860 | 12.6% | |
| 0.7 to 0.8 | 650 | 9.5% | |
| 0.8 to 0.9 | 649 | 9.5% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of GUT?
GABELLI UTILITY TRUST (GUT) has an average correlation of about 0.191 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GUT positively correlated with other stocks?
Mostly yes — 65.8% of pairs are positive and 34.2% are negative. Strong positive correlations (≥0.7) make up 19.4%.
What is the most common correlation range for GUT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for GUT.
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