Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) Correlation Distribution
Across 6,806 rolling correlation observations between Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) and other NASDAQ-listed stocks, 75.2% are positive and 24.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.359, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.7% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,806
- Mean correlation
- 0.359
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.2%
- Strong positive (≥0.7)
- 33.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 61 | 0.9% | |
| -0.8 to -0.7 | 60 | 0.9% | |
| -0.7 to -0.6 | 150 | 2.2% | |
| -0.6 to -0.5 | 149 | 2.2% | |
| -0.5 to -0.4 | 203 | 3.0% | |
| -0.4 to -0.3 | 202 | 3.0% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 320 | 4.7% | |
| 0.0 to 0.1 | 320 | 4.7% | |
| 0.1 to 0.2 | 327 | 4.8% | |
| 0.2 to 0.3 | 327 | 4.8% | |
| 0.3 to 0.4 | 386 | 5.7% | |
| 0.4 to 0.5 | 385 | 5.7% | |
| 0.5 to 0.6 | 541 | 7.9% | |
| 0.6 to 0.7 | 541 | 7.9% | |
| 0.7 to 0.8 | 920 | 13.5% | |
| 0.8 to 0.9 | 920 | 13.5% | |
| 0.9 to 1.0 | 452 | 6.6% |
Frequently asked questions
What is the average correlation of NBXG?
Neuberger Berman Next Generation Connectivity Fund Inc. (NBXG) has an average correlation of about 0.359 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is NBXG positively correlated with other stocks?
Mostly yes — 75.2% of pairs are positive and 24.8% are negative. Strong positive correlations (≥0.7) make up 33.7%.
What is the most common correlation range for NBXG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for NBXG.
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