BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) Correlation Distribution
Across 6,809 rolling correlation observations between BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.296, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- 0.296
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 35%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 130 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 297 | 4.4% | |
| -0.5 to -0.4 | 281 | 4.1% | |
| -0.4 to -0.3 | 281 | 4.1% | |
| -0.3 to -0.2 | 249 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 226 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 309 | 4.5% | |
| 0.4 to 0.5 | 309 | 4.5% | |
| 0.5 to 0.6 | 496 | 7.3% | |
| 0.6 to 0.7 | 495 | 7.3% | |
| 0.7 to 0.8 | 983 | 14.4% | |
| 0.8 to 0.9 | 983 | 14.4% | |
| 0.9 to 1.0 | 420 | 6.2% |
Frequently asked questions
What is the average correlation of MIY?
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) has an average correlation of about 0.296 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MIY positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 35%.
What is the most common correlation range for MIY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for MIY.
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