Neuberger Berman Energy Infrastructure and Income Fund Inc. (NML) Correlation Distribution
Across 6,809 rolling correlation observations between Neuberger Berman Energy Infrastructure and Income Fund Inc. (NML) and other NASDAQ-listed stocks, 38.9% are positive and 61.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.14, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.5% and strong negative correlations (≤−0.7) for 24.2%.
- Total observations
- 6,809
- Mean correlation
- -0.14
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.9%
- Strong positive (≥0.7)
- 14.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 66 | 1.0% | |
| -0.9 to -0.8 | 790 | 11.6% | |
| -0.8 to -0.7 | 790 | 11.6% | |
| -0.7 to -0.6 | 567 | 8.3% | |
| -0.6 to -0.5 | 567 | 8.3% | |
| -0.5 to -0.4 | 350 | 5.1% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 237 | 3.5% | |
| -0.1 to 0.0 | 203 | 3.0% | |
| 0.0 to 0.1 | 203 | 3.0% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 207 | 3.0% | |
| 0.3 to 0.4 | 228 | 3.3% | |
| 0.4 to 0.5 | 227 | 3.3% | |
| 0.5 to 0.6 | 296 | 4.3% | |
| 0.6 to 0.7 | 295 | 4.3% | |
| 0.7 to 0.8 | 424 | 6.2% | |
| 0.8 to 0.9 | 423 | 6.2% | |
| 0.9 to 1.0 | 140 | 2.1% |
Frequently asked questions
What is the average correlation of NML?
Neuberger Berman Energy Infrastructure and Income Fund Inc. (NML) has an average correlation of about -0.14 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NML positively correlated with other stocks?
Not predominantly — 38.9% of pairs are positive and 61.1% are negative. Strong positive correlations (≥0.7) make up 14.5%.
What is the most common correlation range for NML?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for NML.
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