Virtus Equity & Convertible Income Fund (NIE) Correlation Distribution
Across 6,809 rolling correlation observations between Virtus Equity & Convertible Income Fund (NIE) and other NASDAQ-listed stocks, 72.2% are positive and 27.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.333, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.333
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.2%
- Strong positive (≥0.7)
- 30.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 189 | 2.8% | |
| -0.6 to -0.5 | 188 | 2.8% | |
| -0.5 to -0.4 | 282 | 4.1% | |
| -0.4 to -0.3 | 282 | 4.1% | |
| -0.3 to -0.2 | 314 | 4.6% | |
| -0.2 to -0.1 | 314 | 4.6% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 3.9% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 363 | 5.3% | |
| 0.4 to 0.5 | 362 | 5.3% | |
| 0.5 to 0.6 | 641 | 9.4% | |
| 0.6 to 0.7 | 641 | 9.4% | |
| 0.7 to 0.8 | 909 | 13.3% | |
| 0.8 to 0.9 | 909 | 13.3% | |
| 0.9 to 1.0 | 280 | 4.1% |
Frequently asked questions
What is the average correlation of NIE?
Virtus Equity & Convertible Income Fund (NIE) has an average correlation of about 0.333 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NIE positively correlated with other stocks?
Mostly yes — 72.2% of pairs are positive and 27.8% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for NIE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.1% of all pairs.
Explore the full interactive correlation distribution for NIE.
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