Nuveen Preferred & Income Opportunities Fund (JPC) Correlation Distribution
Across 6,809 rolling correlation observations between Nuveen Preferred & Income Opportunities Fund (JPC) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.314, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29.8% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- 0.314
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 29.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 207 | 3.0% | |
| -0.6 to -0.5 | 207 | 3.0% | |
| -0.5 to -0.4 | 280 | 4.1% | |
| -0.4 to -0.3 | 279 | 4.1% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 271 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 264 | 3.9% | |
| 0.2 to 0.3 | 263 | 3.9% | |
| 0.3 to 0.4 | 370 | 5.4% | |
| 0.4 to 0.5 | 369 | 5.4% | |
| 0.5 to 0.6 | 646 | 9.5% | |
| 0.6 to 0.7 | 646 | 9.5% | |
| 0.7 to 0.8 | 873 | 12.8% | |
| 0.8 to 0.9 | 872 | 12.8% | |
| 0.9 to 1.0 | 283 | 4.2% |
Frequently asked questions
What is the average correlation of JPC?
Nuveen Preferred & Income Opportunities Fund (JPC) has an average correlation of about 0.314 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JPC positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 29.8%.
What is the most common correlation range for JPC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for JPC.
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