NUVEEN MULTI-MARKET INCOME FUND, INC (JMM) Correlation Distribution
Across 6,807 rolling correlation observations between NUVEEN MULTI-MARKET INCOME FUND, INC (JMM) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.6% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,807
- Mean correlation
- 0.309
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 34.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 74 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 258 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 317 | 4.7% | |
| -0.4 to -0.3 | 316 | 4.6% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 242 | 3.6% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 243 | 3.6% | |
| 0.3 to 0.4 | 307 | 4.5% | |
| 0.4 to 0.5 | 307 | 4.5% | |
| 0.5 to 0.6 | 500 | 7.3% | |
| 0.6 to 0.7 | 499 | 7.3% | |
| 0.7 to 0.8 | 920 | 13.5% | |
| 0.8 to 0.9 | 919 | 13.5% | |
| 0.9 to 1.0 | 516 | 7.6% |
Frequently asked questions
What is the average correlation of JMM?
NUVEEN MULTI-MARKET INCOME FUND, INC (JMM) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is JMM positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 34.6%.
What is the most common correlation range for JMM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for JMM.
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