Western Asset Municipal High Income Fund, Inc (MHF) Correlation Distribution
Across 6,809 rolling correlation observations between Western Asset Municipal High Income Fund, Inc (MHF) and other NASDAQ-listed stocks, 72.2% are positive and 27.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.305, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 23.7% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.305
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.2%
- Strong positive (≥0.7)
- 23.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 170 | 2.5% | |
| -0.6 to -0.5 | 169 | 2.5% | |
| -0.5 to -0.4 | 239 | 3.5% | |
| -0.4 to -0.3 | 239 | 3.5% | |
| -0.3 to -0.2 | 335 | 4.9% | |
| -0.2 to -0.1 | 335 | 4.9% | |
| -0.1 to 0.0 | 324 | 4.8% | |
| 0.0 to 0.1 | 324 | 4.8% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 316 | 4.6% | |
| 0.3 to 0.4 | 440 | 6.5% | |
| 0.4 to 0.5 | 440 | 6.5% | |
| 0.5 to 0.6 | 731 | 10.7% | |
| 0.6 to 0.7 | 731 | 10.7% | |
| 0.7 to 0.8 | 731 | 10.7% | |
| 0.8 to 0.9 | 731 | 10.7% | |
| 0.9 to 1.0 | 155 | 2.3% |
Frequently asked questions
What is the average correlation of MHF?
Western Asset Municipal High Income Fund, Inc (MHF) has an average correlation of about 0.305 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MHF positively correlated with other stocks?
Mostly yes — 72.2% of pairs are positive and 27.8% are negative. Strong positive correlations (≥0.7) make up 23.7%.
What is the most common correlation range for MHF?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.6% of all pairs.
Explore the full interactive correlation distribution for MHF.
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