Pioneer High Income Fund, Inc. (PHT) Correlation Distribution
Across 6,809 rolling correlation observations between Pioneer High Income Fund, Inc. (PHT) and other NASDAQ-listed stocks, 72.8% are positive and 27.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.8%
- Strong positive (≥0.7)
- 29%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 161 | 2.4% | |
| -0.5 to -0.4 | 249 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 320 | 4.7% | |
| -0.2 to -0.1 | 319 | 4.7% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 308 | 4.5% | |
| 0.3 to 0.4 | 385 | 5.7% | |
| 0.4 to 0.5 | 384 | 5.6% | |
| 0.5 to 0.6 | 655 | 9.6% | |
| 0.6 to 0.7 | 655 | 9.6% | |
| 0.7 to 0.8 | 860 | 12.6% | |
| 0.8 to 0.9 | 859 | 12.6% | |
| 0.9 to 1.0 | 256 | 3.8% |
Frequently asked questions
What is the average correlation of PHT?
Pioneer High Income Fund, Inc. (PHT) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PHT positively correlated with other stocks?
Mostly yes — 72.8% of pairs are positive and 27.2% are negative. Strong positive correlations (≥0.7) make up 29%.
What is the most common correlation range for PHT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for PHT.
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