Chipotle Mexican Grill, Inc. (CMG) Correlation Distribution
Across 6,809 rolling correlation observations between Chipotle Mexican Grill, Inc. (CMG) and other NASDAQ-listed stocks, 39.4% are positive and 60.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,809
- Mean correlation
- -0.07
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.4%
- Strong positive (≥0.7)
- 14.6%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 227 | 3.3% | |
| -0.8 to -0.7 | 227 | 3.3% | |
| -0.7 to -0.6 | 732 | 10.8% | |
| -0.6 to -0.5 | 732 | 10.8% | |
| -0.5 to -0.4 | 653 | 9.6% | |
| -0.4 to -0.3 | 652 | 9.6% | |
| -0.3 to -0.2 | 330 | 4.8% | |
| -0.2 to -0.1 | 329 | 4.8% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 242 | 3.6% | |
| 0.1 to 0.2 | 212 | 3.1% | |
| 0.2 to 0.3 | 212 | 3.1% | |
| 0.3 to 0.4 | 237 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 274 | 4.0% | |
| 0.6 to 0.7 | 273 | 4.0% | |
| 0.7 to 0.8 | 422 | 6.2% | |
| 0.8 to 0.9 | 422 | 6.2% | |
| 0.9 to 1.0 | 153 | 2.2% |
Frequently asked questions
What is the average correlation of CMG?
Chipotle Mexican Grill, Inc. (CMG) has an average correlation of about -0.07 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMG positively correlated with other stocks?
Not predominantly — 39.4% of pairs are positive and 60.6% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for CMG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for CMG.
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