Blackrock Muni Assets Fund, Inc. (MUA) Correlation Distribution
Across 6,809 rolling correlation observations between Blackrock Muni Assets Fund, Inc. (MUA) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.9% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.309
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 33.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 68 | 1.0% | |
| -0.8 to -0.7 | 68 | 1.0% | |
| -0.7 to -0.6 | 245 | 3.6% | |
| -0.6 to -0.5 | 245 | 3.6% | |
| -0.5 to -0.4 | 319 | 4.7% | |
| -0.4 to -0.3 | 318 | 4.7% | |
| -0.3 to -0.2 | 293 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 507 | 7.4% | |
| 0.6 to 0.7 | 507 | 7.4% | |
| 0.7 to 0.8 | 933 | 13.7% | |
| 0.8 to 0.9 | 932 | 13.7% | |
| 0.9 to 1.0 | 442 | 6.5% |
Frequently asked questions
What is the average correlation of MUA?
Blackrock Muni Assets Fund, Inc. (MUA) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MUA positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 33.9%.
What is the most common correlation range for MUA?
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 MUA.
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