NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) Correlation Distribution
Across 6,797 rolling correlation observations between NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and other NASDAQ-listed stocks, 70.7% are positive and 29.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.9% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,797
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.7%
- Strong positive (≥0.7)
- 35.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 79 | 1.2% | |
| -0.8 to -0.7 | 79 | 1.2% | |
| -0.7 to -0.6 | 230 | 3.4% | |
| -0.6 to -0.5 | 230 | 3.4% | |
| -0.5 to -0.4 | 308 | 4.5% | |
| -0.4 to -0.3 | 308 | 4.5% | |
| -0.3 to -0.2 | 258 | 3.8% | |
| -0.2 to -0.1 | 258 | 3.8% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 325 | 4.8% | |
| 0.4 to 0.5 | 324 | 4.8% | |
| 0.5 to 0.6 | 470 | 6.9% | |
| 0.6 to 0.7 | 469 | 6.9% | |
| 0.7 to 0.8 | 1,085 | 16.0% | |
| 0.8 to 0.9 | 1,085 | 16.0% | |
| 0.9 to 1.0 | 272 | 4.0% |
Frequently asked questions
What is the average correlation of MEGI?
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is MEGI positively correlated with other stocks?
Mostly yes — 70.7% of pairs are positive and 29.3% are negative. Strong positive correlations (≥0.7) make up 35.9%.
What is the most common correlation range for MEGI?
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 MEGI.
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