NUVEEN SELECT TAX-FREE INC (NXP) Correlation Distribution
Across 6,809 rolling correlation observations between NUVEEN SELECT TAX-FREE INC (NXP) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.275, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.275
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 28.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 179 | 2.6% | |
| -0.6 to -0.5 | 178 | 2.6% | |
| -0.5 to -0.4 | 350 | 5.1% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 364 | 5.3% | |
| -0.2 to -0.1 | 363 | 5.3% | |
| -0.1 to 0.0 | 317 | 4.7% | |
| 0.0 to 0.1 | 317 | 4.7% | |
| 0.1 to 0.2 | 320 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 379 | 5.6% | |
| 0.4 to 0.5 | 379 | 5.6% | |
| 0.5 to 0.6 | 492 | 7.2% | |
| 0.6 to 0.7 | 491 | 7.2% | |
| 0.7 to 0.8 | 859 | 12.6% | |
| 0.8 to 0.9 | 859 | 12.6% | |
| 0.9 to 1.0 | 200 | 2.9% |
Frequently asked questions
What is the average correlation of NXP?
NUVEEN SELECT TAX-FREE INC (NXP) has an average correlation of about 0.275 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NXP positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 28.2%.
What is the most common correlation range for NXP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for NXP.
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