Blackrock Muni Yield Quality Fund, Inc (MQY) Correlation Distribution
Across 6,809 rolling correlation observations between Blackrock Muni Yield Quality Fund, Inc (MQY) and other NASDAQ-listed stocks, 67.3% are positive and 32.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.286, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.5% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,809
- Mean correlation
- 0.286
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.3%
- Strong positive (≥0.7)
- 34.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 118 | 1.7% | |
| -0.8 to -0.7 | 118 | 1.7% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 265 | 3.9% | |
| -0.5 to -0.4 | 307 | 4.5% | |
| -0.4 to -0.3 | 306 | 4.5% | |
| -0.3 to -0.2 | 297 | 4.4% | |
| -0.2 to -0.1 | 296 | 4.3% | |
| -0.1 to 0.0 | 251 | 3.7% | |
| 0.0 to 0.1 | 250 | 3.7% | |
| 0.1 to 0.2 | 255 | 3.7% | |
| 0.2 to 0.3 | 254 | 3.7% | |
| 0.3 to 0.4 | 303 | 4.4% | |
| 0.4 to 0.5 | 302 | 4.4% | |
| 0.5 to 0.6 | 435 | 6.4% | |
| 0.6 to 0.7 | 435 | 6.4% | |
| 0.7 to 0.8 | 898 | 13.2% | |
| 0.8 to 0.9 | 897 | 13.2% | |
| 0.9 to 1.0 | 551 | 8.1% |
Frequently asked questions
What is the average correlation of MQY?
Blackrock Muni Yield Quality Fund, Inc (MQY) has an average correlation of about 0.286 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MQY positively correlated with other stocks?
Mostly yes — 67.3% of pairs are positive and 32.7% are negative. Strong positive correlations (≥0.7) make up 34.5%.
What is the most common correlation range for MQY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for MQY.
Open interactive dashboard →