Virtus Convertible & Income Fund (NCV) Correlation Distribution
Across 6,809 rolling correlation observations between Virtus Convertible & Income Fund (NCV) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.337, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.6% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- 0.337
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 38.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 95 | 1.4% | |
| -0.7 to -0.6 | 292 | 4.3% | |
| -0.6 to -0.5 | 291 | 4.3% | |
| -0.5 to -0.4 | 255 | 3.7% | |
| -0.4 to -0.3 | 255 | 3.7% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 233 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 287 | 4.2% | |
| 0.5 to 0.6 | 456 | 6.7% | |
| 0.6 to 0.7 | 456 | 6.7% | |
| 0.7 to 0.8 | 905 | 13.3% | |
| 0.8 to 0.9 | 905 | 13.3% | |
| 0.9 to 1.0 | 815 | 12.0% |
Frequently asked questions
What is the average correlation of NCV?
Virtus Convertible & Income Fund (NCV) has an average correlation of about 0.337 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NCV positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 38.6%.
What is the most common correlation range for NCV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for NCV.
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