Western Asset Inflation-Linked Opportunities & Income Fund (WIW) Correlation Distribution
Across 6,809 rolling correlation observations between Western Asset Inflation-Linked Opportunities & Income Fund (WIW) and other NASDAQ-listed stocks, 69.5% are positive and 30.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.312, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.5% and strong negative correlations (≤−0.7) for 6%.
- Total observations
- 6,809
- Mean correlation
- 0.312
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.5%
- Strong positive (≥0.7)
- 38.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 203 | 3.0% | |
| -0.8 to -0.7 | 202 | 3.0% | |
| -0.7 to -0.6 | 302 | 4.4% | |
| -0.6 to -0.5 | 302 | 4.4% | |
| -0.5 to -0.4 | 217 | 3.2% | |
| -0.4 to -0.3 | 216 | 3.2% | |
| -0.3 to -0.2 | 214 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 215 | 3.2% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 478 | 7.0% | |
| 0.6 to 0.7 | 477 | 7.0% | |
| 0.7 to 0.8 | 962 | 14.1% | |
| 0.8 to 0.9 | 962 | 14.1% | |
| 0.9 to 1.0 | 699 | 10.3% |
Frequently asked questions
What is the average correlation of WIW?
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has an average correlation of about 0.312 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WIW positively correlated with other stocks?
Mostly yes — 69.5% of pairs are positive and 30.5% are negative. Strong positive correlations (≥0.7) make up 38.5%.
What is the most common correlation range for WIW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for WIW.
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