PIMCO Corporate & Income Strategy Fund (PCN) Correlation Distribution
Across 6,809 rolling correlation observations between PIMCO Corporate & Income Strategy Fund (PCN) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.3% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.328
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 34.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 223 | 3.3% | |
| -0.6 to -0.5 | 222 | 3.3% | |
| -0.5 to -0.4 | 297 | 4.4% | |
| -0.4 to -0.3 | 297 | 4.4% | |
| -0.3 to -0.2 | 312 | 4.6% | |
| -0.2 to -0.1 | 312 | 4.6% | |
| -0.1 to 0.0 | 284 | 4.2% | |
| 0.0 to 0.1 | 284 | 4.2% | |
| 0.1 to 0.2 | 261 | 3.8% | |
| 0.2 to 0.3 | 261 | 3.8% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 322 | 4.7% | |
| 0.5 to 0.6 | 504 | 7.4% | |
| 0.6 to 0.7 | 504 | 7.4% | |
| 0.7 to 0.8 | 905 | 13.3% | |
| 0.8 to 0.9 | 905 | 13.3% | |
| 0.9 to 1.0 | 526 | 7.7% |
Frequently asked questions
What is the average correlation of PCN?
PIMCO Corporate & Income Strategy Fund (PCN) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PCN positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 34.3%.
What is the most common correlation range for PCN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.2% of all pairs.
Explore the full interactive correlation distribution for PCN.
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