Nuveen Minnesota Quality Municipal Income Fund (NMS) Correlation Distribution
Across 6,807 rolling correlation observations between Nuveen Minnesota Quality Municipal Income Fund (NMS) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.276, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.3% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,807
- Mean correlation
- 0.276
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 27.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 106 | 1.6% | |
| -0.7 to -0.6 | 274 | 4.0% | |
| -0.6 to -0.5 | 274 | 4.0% | |
| -0.5 to -0.4 | 294 | 4.3% | |
| -0.4 to -0.3 | 294 | 4.3% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 259 | 3.8% | |
| 0.2 to 0.3 | 258 | 3.8% | |
| 0.3 to 0.4 | 336 | 4.9% | |
| 0.4 to 0.5 | 336 | 4.9% | |
| 0.5 to 0.6 | 708 | 10.4% | |
| 0.6 to 0.7 | 708 | 10.4% | |
| 0.7 to 0.8 | 883 | 13.0% | |
| 0.8 to 0.9 | 882 | 13.0% | |
| 0.9 to 1.0 | 90 | 1.3% |
Frequently asked questions
What is the average correlation of NMS?
Nuveen Minnesota Quality Municipal Income Fund (NMS) has an average correlation of about 0.276 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is NMS positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 27.3%.
What is the most common correlation range for NMS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for NMS.
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