VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) Correlation Distribution
Across 6,809 rolling correlation observations between VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.2% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,809
- Mean correlation
- 0.307
- Most common range
- 0.9 to 1.0
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 38.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 154 | 2.3% | |
| -0.8 to -0.7 | 154 | 2.3% | |
| -0.7 to -0.6 | 311 | 4.6% | |
| -0.6 to -0.5 | 310 | 4.6% | |
| -0.5 to -0.4 | 250 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 239 | 3.5% | |
| -0.2 to -0.1 | 239 | 3.5% | |
| -0.1 to 0.0 | 233 | 3.4% | |
| 0.0 to 0.1 | 232 | 3.4% | |
| 0.1 to 0.2 | 239 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 283 | 4.2% | |
| 0.5 to 0.6 | 394 | 5.8% | |
| 0.6 to 0.7 | 394 | 5.8% | |
| 0.7 to 0.8 | 827 | 12.1% | |
| 0.8 to 0.9 | 827 | 12.1% | |
| 0.9 to 1.0 | 945 | 13.9% |
Frequently asked questions
What is the average correlation of VGI?
VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VGI positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 38.2%.
What is the most common correlation range for VGI?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for VGI.
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