Invesco Trust for Investment Grade New York Municipals (VTN) Correlation Distribution
Across 6,809 rolling correlation observations between Invesco Trust for Investment Grade New York Municipals (VTN) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.31, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.4% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.31
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 31.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 204 | 3.0% | |
| -0.6 to -0.5 | 204 | 3.0% | |
| -0.5 to -0.4 | 319 | 4.7% | |
| -0.4 to -0.3 | 319 | 4.7% | |
| -0.3 to -0.2 | 332 | 4.9% | |
| -0.2 to -0.1 | 332 | 4.9% | |
| -0.1 to 0.0 | 275 | 4.0% | |
| 0.0 to 0.1 | 275 | 4.0% | |
| 0.1 to 0.2 | 263 | 3.9% | |
| 0.2 to 0.3 | 262 | 3.8% | |
| 0.3 to 0.4 | 351 | 5.2% | |
| 0.4 to 0.5 | 350 | 5.1% | |
| 0.5 to 0.6 | 551 | 8.1% | |
| 0.6 to 0.7 | 550 | 8.1% | |
| 0.7 to 0.8 | 887 | 13.0% | |
| 0.8 to 0.9 | 887 | 13.0% | |
| 0.9 to 1.0 | 365 | 5.4% |
Frequently asked questions
What is the average correlation of VTN?
Invesco Trust for Investment Grade New York Municipals (VTN) has an average correlation of about 0.31 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VTN positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 31.4%.
What is the most common correlation range for VTN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for VTN.
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