Royce Micro-Cap Trust Inc (RMT) Correlation Distribution
Across 6,809 rolling correlation observations between Royce Micro-Cap Trust Inc (RMT) and other NASDAQ-listed stocks, 78.9% are positive and 21.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.36, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20.6% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.36
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.9%
- Strong positive (≥0.7)
- 20.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 41 | 0.6% | |
| -0.6 to -0.5 | 40 | 0.6% | |
| -0.5 to -0.4 | 121 | 1.8% | |
| -0.4 to -0.3 | 120 | 1.8% | |
| -0.3 to -0.2 | 363 | 5.3% | |
| -0.2 to -0.1 | 363 | 5.3% | |
| -0.1 to 0.0 | 385 | 5.7% | |
| 0.0 to 0.1 | 385 | 5.7% | |
| 0.1 to 0.2 | 397 | 5.8% | |
| 0.2 to 0.3 | 397 | 5.8% | |
| 0.3 to 0.4 | 550 | 8.1% | |
| 0.4 to 0.5 | 550 | 8.1% | |
| 0.5 to 0.6 | 845 | 12.4% | |
| 0.6 to 0.7 | 844 | 12.4% | |
| 0.7 to 0.8 | 662 | 9.7% | |
| 0.8 to 0.9 | 661 | 9.7% | |
| 0.9 to 1.0 | 80 | 1.2% |
Frequently asked questions
What is the average correlation of RMT?
Royce Micro-Cap Trust Inc (RMT) has an average correlation of about 0.36 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RMT positively correlated with other stocks?
Mostly yes — 78.9% of pairs are positive and 21.1% are negative. Strong positive correlations (≥0.7) make up 20.6%.
What is the most common correlation range for RMT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.6% of all pairs.
Explore the full interactive correlation distribution for RMT.
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