Virtus Dividend, Interest & Premium Strategy Fund (NFJ) Correlation Distribution
Across 6,809 rolling correlation observations between Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and other NASDAQ-listed stocks, 76.1% are positive and 23.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.346, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.7% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.346
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.1%
- Strong positive (≥0.7)
- 22.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 48 | 0.7% | |
| -0.6 to -0.5 | 48 | 0.7% | |
| -0.5 to -0.4 | 196 | 2.9% | |
| -0.4 to -0.3 | 196 | 2.9% | |
| -0.3 to -0.2 | 408 | 6.0% | |
| -0.2 to -0.1 | 407 | 6.0% | |
| -0.1 to 0.0 | 321 | 4.7% | |
| 0.0 to 0.1 | 320 | 4.7% | |
| 0.1 to 0.2 | 365 | 5.4% | |
| 0.2 to 0.3 | 365 | 5.4% | |
| 0.3 to 0.4 | 532 | 7.8% | |
| 0.4 to 0.5 | 532 | 7.8% | |
| 0.5 to 0.6 | 761 | 11.2% | |
| 0.6 to 0.7 | 760 | 11.2% | |
| 0.7 to 0.8 | 723 | 10.6% | |
| 0.8 to 0.9 | 723 | 10.6% | |
| 0.9 to 1.0 | 100 | 1.5% |
Frequently asked questions
What is the average correlation of NFJ?
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) has an average correlation of about 0.346 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NFJ positively correlated with other stocks?
Mostly yes — 76.1% of pairs are positive and 23.9% are negative. Strong positive correlations (≥0.7) make up 22.7%.
What is the most common correlation range for NFJ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.1% of all pairs.
Explore the full interactive correlation distribution for NFJ.
Open interactive dashboard →