Nuveen Core Equity Alpha Fund (JCE) Correlation Distribution
Across 6,809 rolling correlation observations between Nuveen Core Equity Alpha Fund (JCE) and other NASDAQ-listed stocks, 80.2% are positive and 19.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.299, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0.299
- Most common range
- 0.3 to 0.4
- Positive pairs
- 80.2%
- Strong positive (≥0.7)
- 11.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 35 | 0.5% | |
| -0.7 to -0.6 | 99 | 1.5% | |
| -0.6 to -0.5 | 98 | 1.4% | |
| -0.5 to -0.4 | 122 | 1.8% | |
| -0.4 to -0.3 | 121 | 1.8% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 411 | 6.0% | |
| 0.0 to 0.1 | 410 | 6.0% | |
| 0.1 to 0.2 | 616 | 9.0% | |
| 0.2 to 0.3 | 616 | 9.0% | |
| 0.3 to 0.4 | 761 | 11.2% | |
| 0.4 to 0.5 | 760 | 11.2% | |
| 0.5 to 0.6 | 756 | 11.1% | |
| 0.6 to 0.7 | 755 | 11.1% | |
| 0.7 to 0.8 | 382 | 5.6% | |
| 0.8 to 0.9 | 382 | 5.6% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of JCE?
Nuveen Core Equity Alpha Fund (JCE) has an average correlation of about 0.299 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JCE positively correlated with other stocks?
Mostly yes — 80.2% of pairs are positive and 19.8% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for JCE?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.4% of all pairs.
Explore the full interactive correlation distribution for JCE.
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