PIMCO Global StockPLUS & Income Fund (PGP) Correlation Distribution
Across 6,809 rolling correlation observations between PIMCO Global StockPLUS & Income Fund (PGP) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.348, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.3% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.348
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 33.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 317 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 310 | 4.6% | |
| -0.2 to -0.1 | 309 | 4.5% | |
| -0.1 to 0.0 | 261 | 3.8% | |
| 0.0 to 0.1 | 261 | 3.8% | |
| 0.1 to 0.2 | 268 | 3.9% | |
| 0.2 to 0.3 | 267 | 3.9% | |
| 0.3 to 0.4 | 342 | 5.0% | |
| 0.4 to 0.5 | 342 | 5.0% | |
| 0.5 to 0.6 | 595 | 8.7% | |
| 0.6 to 0.7 | 594 | 8.7% | |
| 0.7 to 0.8 | 936 | 13.7% | |
| 0.8 to 0.9 | 936 | 13.7% | |
| 0.9 to 1.0 | 396 | 5.8% |
Frequently asked questions
What is the average correlation of PGP?
PIMCO Global StockPLUS & Income Fund (PGP) has an average correlation of about 0.348 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PGP positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 33.3%.
What is the most common correlation range for PGP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for PGP.
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