NUVEEN PREFERRED AND INCOME TERM FUND (JPI) Correlation Distribution
Across 6,809 rolling correlation observations between NUVEEN PREFERRED AND INCOME TERM FUND (JPI) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.318, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.6% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- 0.318
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 32.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 78 | 1.1% | |
| -0.8 to -0.7 | 77 | 1.1% | |
| -0.7 to -0.6 | 216 | 3.2% | |
| -0.6 to -0.5 | 215 | 3.2% | |
| -0.5 to -0.4 | 296 | 4.3% | |
| -0.4 to -0.3 | 295 | 4.3% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 263 | 3.9% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 251 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 350 | 5.1% | |
| 0.4 to 0.5 | 349 | 5.1% | |
| 0.5 to 0.6 | 572 | 8.4% | |
| 0.6 to 0.7 | 572 | 8.4% | |
| 0.7 to 0.8 | 920 | 13.5% | |
| 0.8 to 0.9 | 919 | 13.5% | |
| 0.9 to 1.0 | 378 | 5.6% |
Frequently asked questions
What is the average correlation of JPI?
NUVEEN PREFERRED AND INCOME TERM FUND (JPI) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JPI positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 32.6%.
What is the most common correlation range for JPI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for JPI.
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