Nuveen Dynamic Municipal Opportunities Fund Common Shares of Beneficial Interest (NDMO) Correlation Distribution
Across 6,808 rolling correlation observations between Nuveen Dynamic Municipal Opportunities Fund Common Shares of Beneficial Interest (NDMO) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.2% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,808
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 38.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 102 | 1.5% | |
| -0.8 to -0.7 | 101 | 1.5% | |
| -0.7 to -0.6 | 284 | 4.2% | |
| -0.6 to -0.5 | 284 | 4.2% | |
| -0.5 to -0.4 | 252 | 3.7% | |
| -0.4 to -0.3 | 252 | 3.7% | |
| -0.3 to -0.2 | 248 | 3.6% | |
| -0.2 to -0.1 | 247 | 3.6% | |
| -0.1 to 0.0 | 258 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 243 | 3.6% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 417 | 6.1% | |
| 0.6 to 0.7 | 416 | 6.1% | |
| 0.7 to 0.8 | 912 | 13.4% | |
| 0.8 to 0.9 | 911 | 13.4% | |
| 0.9 to 1.0 | 779 | 11.4% |
Frequently asked questions
What is the average correlation of NDMO?
Nuveen Dynamic Municipal Opportunities Fund Common Shares of Beneficial Interest (NDMO) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is NDMO positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 38.2%.
What is the most common correlation range for NDMO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for NDMO.
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