PIMCO Access Income Fund (PAXS) Correlation Distribution
Across 6,767 rolling correlation observations between PIMCO Access Income Fund (PAXS) and other NASDAQ-listed stocks, 72.9% are positive and 27.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.287, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,767
- Mean correlation
- 0.287
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.9%
- Strong positive (≥0.7)
- 18.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 98 | 1.4% | |
| -0.6 to -0.5 | 98 | 1.4% | |
| -0.5 to -0.4 | 209 | 3.1% | |
| -0.4 to -0.3 | 208 | 3.1% | |
| -0.3 to -0.2 | 352 | 5.2% | |
| -0.2 to -0.1 | 352 | 5.2% | |
| -0.1 to 0.0 | 456 | 6.7% | |
| 0.0 to 0.1 | 455 | 6.7% | |
| 0.1 to 0.2 | 419 | 6.2% | |
| 0.2 to 0.3 | 418 | 6.2% | |
| 0.3 to 0.4 | 497 | 7.3% | |
| 0.4 to 0.5 | 496 | 7.3% | |
| 0.5 to 0.6 | 682 | 10.1% | |
| 0.6 to 0.7 | 682 | 10.1% | |
| 0.7 to 0.8 | 611 | 9.0% | |
| 0.8 to 0.9 | 610 | 9.0% | |
| 0.9 to 1.0 | 60 | 0.9% |
Frequently asked questions
What is the average correlation of PAXS?
PIMCO Access Income Fund (PAXS) has an average correlation of about 0.287 with other NASDAQ stocks, based on 6,767 pairwise observations.
Is PAXS positively correlated with other stocks?
Mostly yes — 72.9% of pairs are positive and 27.1% are negative. Strong positive correlations (≥0.7) make up 18.9%.
What is the most common correlation range for PAXS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.2% of all pairs.
Explore the full interactive correlation distribution for PAXS.
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