John Hancock Tax-Advantaged Dividend Income Fund (HTD) Correlation Distribution
Across 6,809 rolling correlation observations between John Hancock Tax-Advantaged Dividend Income Fund (HTD) and other NASDAQ-listed stocks, 76.2% are positive and 23.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.248, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.5% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.248
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.2%
- Strong positive (≥0.7)
- 6.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 62 | 0.9% | |
| -0.7 to -0.6 | 72 | 1.1% | |
| -0.6 to -0.5 | 72 | 1.1% | |
| -0.5 to -0.4 | 130 | 1.9% | |
| -0.4 to -0.3 | 129 | 1.9% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 291 | 4.3% | |
| -0.1 to 0.0 | 511 | 7.5% | |
| 0.0 to 0.1 | 510 | 7.5% | |
| 0.1 to 0.2 | 591 | 8.7% | |
| 0.2 to 0.3 | 590 | 8.7% | |
| 0.3 to 0.4 | 828 | 12.2% | |
| 0.4 to 0.5 | 827 | 12.1% | |
| 0.5 to 0.6 | 700 | 10.3% | |
| 0.6 to 0.7 | 699 | 10.3% | |
| 0.7 to 0.8 | 221 | 3.2% | |
| 0.8 to 0.9 | 220 | 3.2% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of HTD?
John Hancock Tax-Advantaged Dividend Income Fund (HTD) has an average correlation of about 0.248 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HTD positively correlated with other stocks?
Mostly yes — 76.2% of pairs are positive and 23.8% are negative. Strong positive correlations (≥0.7) make up 6.5%.
What is the most common correlation range for HTD?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 40.9% of all pairs.
Explore the full interactive correlation distribution for HTD.
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