Nuveen Core Plus Impact Fund (NPCT) Correlation Distribution
Across 6,806 rolling correlation observations between Nuveen Core Plus Impact Fund (NPCT) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.379, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 42.6% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,806
- Mean correlation
- 0.379
- Most common range
- 0.9 to 1.0
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 42.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 77 | 1.1% | |
| -0.8 to -0.7 | 77 | 1.1% | |
| -0.7 to -0.6 | 209 | 3.1% | |
| -0.6 to -0.5 | 209 | 3.1% | |
| -0.5 to -0.4 | 299 | 4.4% | |
| -0.4 to -0.3 | 299 | 4.4% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 217 | 3.2% | |
| 0.0 to 0.1 | 216 | 3.2% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 281 | 4.1% | |
| 0.4 to 0.5 | 281 | 4.1% | |
| 0.5 to 0.6 | 393 | 5.8% | |
| 0.6 to 0.7 | 392 | 5.8% | |
| 0.7 to 0.8 | 835 | 12.3% | |
| 0.8 to 0.9 | 835 | 12.3% | |
| 0.9 to 1.0 | 1,232 | 18.1% |
Frequently asked questions
What is the average correlation of NPCT?
Nuveen Core Plus Impact Fund (NPCT) has an average correlation of about 0.379 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is NPCT positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 42.6%.
What is the most common correlation range for NPCT?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for NPCT.
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