Invesco Trust Investment Grade Municipals (VGM) Correlation Distribution
Across 6,809 rolling correlation observations between Invesco Trust Investment Grade Municipals (VGM) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.314, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.2% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- 0.314
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 36.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 92 | 1.4% | |
| -0.8 to -0.7 | 91 | 1.3% | |
| -0.7 to -0.6 | 266 | 3.9% | |
| -0.6 to -0.5 | 266 | 3.9% | |
| -0.5 to -0.4 | 290 | 4.3% | |
| -0.4 to -0.3 | 290 | 4.3% | |
| -0.3 to -0.2 | 287 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 236 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 248 | 3.6% | |
| 0.2 to 0.3 | 248 | 3.6% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 459 | 6.7% | |
| 0.6 to 0.7 | 459 | 6.7% | |
| 0.7 to 0.8 | 915 | 13.4% | |
| 0.8 to 0.9 | 915 | 13.4% | |
| 0.9 to 1.0 | 635 | 9.3% |
Frequently asked questions
What is the average correlation of VGM?
Invesco Trust Investment Grade Municipals (VGM) has an average correlation of about 0.314 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VGM positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 36.2%.
What is the most common correlation range for VGM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for VGM.
Open interactive dashboard →