NexPoint Diversified Real Estate Trust (NXDT) Correlation Distribution
Across 6,796 rolling correlation observations between NexPoint Diversified Real Estate Trust (NXDT) and other NASDAQ-listed stocks, 63.4% are positive and 36.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.156, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.5% and strong negative correlations (≤−0.7) for 14.2%.
- Total observations
- 6,796
- Mean correlation
- 0.156
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.4%
- Strong positive (≥0.7)
- 22.5%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 168 | 2.5% | |
| -0.9 to -0.8 | 397 | 5.8% | |
| -0.8 to -0.7 | 397 | 5.8% | |
| -0.7 to -0.6 | 280 | 4.1% | |
| -0.6 to -0.5 | 279 | 4.1% | |
| -0.5 to -0.4 | 208 | 3.1% | |
| -0.4 to -0.3 | 207 | 3.0% | |
| -0.3 to -0.2 | 180 | 2.6% | |
| -0.2 to -0.1 | 180 | 2.6% | |
| -0.1 to 0.0 | 192 | 2.8% | |
| 0.0 to 0.1 | 192 | 2.8% | |
| 0.1 to 0.2 | 255 | 3.8% | |
| 0.2 to 0.3 | 254 | 3.7% | |
| 0.3 to 0.4 | 427 | 6.3% | |
| 0.4 to 0.5 | 426 | 6.3% | |
| 0.5 to 0.6 | 614 | 9.0% | |
| 0.6 to 0.7 | 614 | 9.0% | |
| 0.7 to 0.8 | 676 | 9.9% | |
| 0.8 to 0.9 | 676 | 9.9% | |
| 0.9 to 1.0 | 174 | 2.6% |
Frequently asked questions
What is the average correlation of NXDT?
NexPoint Diversified Real Estate Trust (NXDT) has an average correlation of about 0.156 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is NXDT positively correlated with other stocks?
Mostly yes — 63.4% of pairs are positive and 36.6% are negative. Strong positive correlations (≥0.7) make up 22.5%.
What is the most common correlation range for NXDT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for NXDT.
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