Nuveen Variable Rate Preferred & Income Fund (NPFD) Correlation Distribution
Across 6,789 rolling correlation observations between Nuveen Variable Rate Preferred & Income Fund (NPFD) and other NASDAQ-listed stocks, 74.7% are positive and 25.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.316, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 24.5% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,789
- Mean correlation
- 0.316
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.7%
- Strong positive (≥0.7)
- 24.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 125 | 1.8% | |
| -0.6 to -0.5 | 125 | 1.8% | |
| -0.5 to -0.4 | 195 | 2.9% | |
| -0.4 to -0.3 | 194 | 2.9% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 419 | 6.2% | |
| 0.0 to 0.1 | 418 | 6.2% | |
| 0.1 to 0.2 | 409 | 6.0% | |
| 0.2 to 0.3 | 409 | 6.0% | |
| 0.3 to 0.4 | 462 | 6.8% | |
| 0.4 to 0.5 | 461 | 6.8% | |
| 0.5 to 0.6 | 624 | 9.2% | |
| 0.6 to 0.7 | 623 | 9.2% | |
| 0.7 to 0.8 | 732 | 10.8% | |
| 0.8 to 0.9 | 732 | 10.8% | |
| 0.9 to 1.0 | 202 | 3.0% |
Frequently asked questions
What is the average correlation of NPFD?
Nuveen Variable Rate Preferred & Income Fund (NPFD) has an average correlation of about 0.316 with other NASDAQ stocks, based on 6,789 pairwise observations.
Is NPFD positively correlated with other stocks?
Mostly yes — 74.7% of pairs are positive and 25.3% are negative. Strong positive correlations (≥0.7) make up 24.5%.
What is the most common correlation range for NPFD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 32.6% of all pairs.
Explore the full interactive correlation distribution for NPFD.
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