Nuveen Multi-Asset Income Fund (NMAI) Correlation Distribution
Across 6,793 rolling correlation observations between Nuveen Multi-Asset Income Fund (NMAI) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.338, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.3% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,793
- Mean correlation
- 0.338
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 32.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 124 | 1.8% | |
| -0.6 to -0.5 | 124 | 1.8% | |
| -0.5 to -0.4 | 287 | 4.2% | |
| -0.4 to -0.3 | 286 | 4.2% | |
| -0.3 to -0.2 | 386 | 5.7% | |
| -0.2 to -0.1 | 386 | 5.7% | |
| -0.1 to 0.0 | 298 | 4.4% | |
| 0.0 to 0.1 | 298 | 4.4% | |
| 0.1 to 0.2 | 313 | 4.6% | |
| 0.2 to 0.3 | 313 | 4.6% | |
| 0.3 to 0.4 | 363 | 5.3% | |
| 0.4 to 0.5 | 362 | 5.3% | |
| 0.5 to 0.6 | 511 | 7.5% | |
| 0.6 to 0.7 | 510 | 7.5% | |
| 0.7 to 0.8 | 862 | 12.7% | |
| 0.8 to 0.9 | 861 | 12.7% | |
| 0.9 to 1.0 | 473 | 7.0% |
Frequently asked questions
What is the average correlation of NMAI?
Nuveen Multi-Asset Income Fund (NMAI) has an average correlation of about 0.338 with other NASDAQ stocks, based on 6,793 pairwise observations.
Is NMAI positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 32.3%.
What is the most common correlation range for NMAI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for NMAI.
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