NXG NextGen Infrastructure Income Fund (NXG) Correlation Distribution
Across 6,426 rolling correlation observations between NXG NextGen Infrastructure Income Fund (NXG) and other NASDAQ-listed stocks, 57.6% are positive and 42.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.133, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.3% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,426
- Mean correlation
- 0.133
- Most common range
- 0.5 to 0.6
- Positive pairs
- 57.6%
- Strong positive (≥0.7)
- 14.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 303 | 4.7% | |
| -0.6 to -0.5 | 303 | 4.7% | |
| -0.5 to -0.4 | 429 | 6.7% | |
| -0.4 to -0.3 | 429 | 6.7% | |
| -0.3 to -0.2 | 419 | 6.5% | |
| -0.2 to -0.1 | 419 | 6.5% | |
| -0.1 to 0.0 | 327 | 5.1% | |
| 0.0 to 0.1 | 327 | 5.1% | |
| 0.1 to 0.2 | 329 | 5.1% | |
| 0.2 to 0.3 | 329 | 5.1% | |
| 0.3 to 0.4 | 358 | 5.6% | |
| 0.4 to 0.5 | 357 | 5.6% | |
| 0.5 to 0.6 | 543 | 8.5% | |
| 0.6 to 0.7 | 543 | 8.5% | |
| 0.7 to 0.8 | 457 | 7.1% | |
| 0.8 to 0.9 | 457 | 7.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of NXG?
NXG NextGen Infrastructure Income Fund (NXG) has an average correlation of about 0.133 with other NASDAQ stocks, based on 6,426 pairwise observations.
Is NXG positively correlated with other stocks?
Mostly yes — 57.6% of pairs are positive and 42.4% are negative. Strong positive correlations (≥0.7) make up 14.3%.
What is the most common correlation range for NXG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.5% of all pairs.
Explore the full interactive correlation distribution for NXG.
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