Nuveen AMT-Free Municipal Value Fund (NUW) Correlation Distribution
Across 6,809 rolling correlation observations between Nuveen AMT-Free Municipal Value Fund (NUW) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.312, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.2% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- 0.312
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 36.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 89 | 1.3% | |
| -0.8 to -0.7 | 88 | 1.3% | |
| -0.7 to -0.6 | 280 | 4.1% | |
| -0.6 to -0.5 | 280 | 4.1% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 268 | 3.9% | |
| -0.1 to 0.0 | 268 | 3.9% | |
| 0.0 to 0.1 | 267 | 3.9% | |
| 0.1 to 0.2 | 275 | 4.0% | |
| 0.2 to 0.3 | 274 | 4.0% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 289 | 4.2% | |
| 0.5 to 0.6 | 432 | 6.3% | |
| 0.6 to 0.7 | 432 | 6.3% | |
| 0.7 to 0.8 | 901 | 13.2% | |
| 0.8 to 0.9 | 901 | 13.2% | |
| 0.9 to 1.0 | 660 | 9.7% |
Frequently asked questions
What is the average correlation of NUW?
Nuveen AMT-Free Municipal Value Fund (NUW) has an average correlation of about 0.312 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NUW positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 36.2%.
What is the most common correlation range for NUW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for NUW.
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