Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) Correlation Distribution
Across 6,809 rolling correlation observations between Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) and other NASDAQ-listed stocks, 66.6% are positive and 33.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.279, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- 0.279
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.6%
- Strong positive (≥0.7)
- 34%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 110 | 1.6% | |
| -0.8 to -0.7 | 110 | 1.6% | |
| -0.7 to -0.6 | 277 | 4.1% | |
| -0.6 to -0.5 | 277 | 4.1% | |
| -0.5 to -0.4 | 309 | 4.5% | |
| -0.4 to -0.3 | 308 | 4.5% | |
| -0.3 to -0.2 | 299 | 4.4% | |
| -0.2 to -0.1 | 298 | 4.4% | |
| -0.1 to 0.0 | 278 | 4.1% | |
| 0.0 to 0.1 | 278 | 4.1% | |
| 0.1 to 0.2 | 249 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 302 | 4.4% | |
| 0.4 to 0.5 | 302 | 4.4% | |
| 0.5 to 0.6 | 423 | 6.2% | |
| 0.6 to 0.7 | 423 | 6.2% | |
| 0.7 to 0.8 | 889 | 13.1% | |
| 0.8 to 0.9 | 889 | 13.1% | |
| 0.9 to 1.0 | 534 | 7.8% |
Frequently asked questions
What is the average correlation of IGI?
Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) has an average correlation of about 0.279 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IGI positively correlated with other stocks?
Mostly yes — 66.6% of pairs are positive and 33.4% are negative. Strong positive correlations (≥0.7) make up 34%.
What is the most common correlation range for IGI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for IGI.
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