XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (XFLT) Correlation Distribution
Across 6,809 rolling correlation observations between XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (XFLT) and other NASDAQ-listed stocks, 73.4% are positive and 26.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.4%
- Strong positive (≥0.7)
- 23.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 95 | 1.4% | |
| -0.6 to -0.5 | 94 | 1.4% | |
| -0.5 to -0.4 | 308 | 4.5% | |
| -0.4 to -0.3 | 308 | 4.5% | |
| -0.3 to -0.2 | 347 | 5.1% | |
| -0.2 to -0.1 | 346 | 5.1% | |
| -0.1 to 0.0 | 299 | 4.4% | |
| 0.0 to 0.1 | 299 | 4.4% | |
| 0.1 to 0.2 | 350 | 5.1% | |
| 0.2 to 0.3 | 349 | 5.1% | |
| 0.3 to 0.4 | 450 | 6.6% | |
| 0.4 to 0.5 | 449 | 6.6% | |
| 0.5 to 0.6 | 755 | 11.1% | |
| 0.6 to 0.7 | 754 | 11.1% | |
| 0.7 to 0.8 | 776 | 11.4% | |
| 0.8 to 0.9 | 776 | 11.4% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of XFLT?
XAI Octagon Floating Rate and Alternative Income Trust Common Shares of Beneficial Interest (XFLT) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is XFLT positively correlated with other stocks?
Mostly yes — 73.4% of pairs are positive and 26.6% are negative. Strong positive correlations (≥0.7) make up 23.4%.
What is the most common correlation range for XFLT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.2% of all pairs.
Explore the full interactive correlation distribution for XFLT.
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