NUVEEN CA SEL TAX-FREE INC (NXC) Correlation Distribution
Across 6,809 rolling correlation observations between NUVEEN CA SEL TAX-FREE INC (NXC) and other NASDAQ-listed stocks, 68.1% are positive and 31.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.279, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.2% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- 0.279
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.1%
- Strong positive (≥0.7)
- 33.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 126 | 1.9% | |
| -0.8 to -0.7 | 126 | 1.9% | |
| -0.7 to -0.6 | 307 | 4.5% | |
| -0.6 to -0.5 | 306 | 4.5% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 265 | 3.9% | |
| -0.3 to -0.2 | 261 | 3.8% | |
| -0.2 to -0.1 | 260 | 3.8% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 254 | 3.7% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 333 | 4.9% | |
| 0.5 to 0.6 | 462 | 6.8% | |
| 0.6 to 0.7 | 462 | 6.8% | |
| 0.7 to 0.8 | 970 | 14.2% | |
| 0.8 to 0.9 | 970 | 14.2% | |
| 0.9 to 1.0 | 321 | 4.7% |
Frequently asked questions
What is the average correlation of NXC?
NUVEEN CA SEL TAX-FREE INC (NXC) has an average correlation of about 0.279 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NXC positively correlated with other stocks?
Mostly yes — 68.1% of pairs are positive and 31.9% are negative. Strong positive correlations (≥0.7) make up 33.2%.
What is the most common correlation range for NXC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for NXC.
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