Nuveen Municipal Credit Opportunities Fund (NMCO) Correlation Distribution
Across 6,809 rolling correlation observations between Nuveen Municipal Credit Opportunities Fund (NMCO) and other NASDAQ-listed stocks, 71.8% are positive and 28.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.4% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- 0.321
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.8%
- Strong positive (≥0.7)
- 33.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 72 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 266 | 3.9% | |
| -0.6 to -0.5 | 266 | 3.9% | |
| -0.5 to -0.4 | 270 | 4.0% | |
| -0.4 to -0.3 | 270 | 4.0% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 234 | 3.4% | |
| -0.1 to 0.0 | 239 | 3.5% | |
| 0.0 to 0.1 | 239 | 3.5% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 266 | 3.9% | |
| 0.3 to 0.4 | 362 | 5.3% | |
| 0.4 to 0.5 | 362 | 5.3% | |
| 0.5 to 0.6 | 558 | 8.2% | |
| 0.6 to 0.7 | 557 | 8.2% | |
| 0.7 to 0.8 | 992 | 14.6% | |
| 0.8 to 0.9 | 992 | 14.6% | |
| 0.9 to 1.0 | 292 | 4.3% |
Frequently asked questions
What is the average correlation of NMCO?
Nuveen Municipal Credit Opportunities Fund (NMCO) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NMCO positively correlated with other stocks?
Mostly yes — 71.8% of pairs are positive and 28.2% are negative. Strong positive correlations (≥0.7) make up 33.4%.
What is the most common correlation range for NMCO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.7% of all pairs.
Explore the full interactive correlation distribution for NMCO.
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