FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. (FMX) Correlation Distribution
Across 6,809 rolling correlation observations between FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. (FMX) and other NASDAQ-listed stocks, 37.5% are positive and 62.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.102, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.3% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,809
- Mean correlation
- -0.102
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.5%
- Strong positive (≥0.7)
- 6.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 101 | 1.5% | |
| -0.8 to -0.7 | 101 | 1.5% | |
| -0.7 to -0.6 | 733 | 10.8% | |
| -0.6 to -0.5 | 733 | 10.8% | |
| -0.5 to -0.4 | 753 | 11.1% | |
| -0.4 to -0.3 | 752 | 11.0% | |
| -0.3 to -0.2 | 397 | 5.8% | |
| -0.2 to -0.1 | 397 | 5.8% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 267 | 3.9% | |
| 0.2 to 0.3 | 267 | 3.9% | |
| 0.3 to 0.4 | 318 | 4.7% | |
| 0.4 to 0.5 | 318 | 4.7% | |
| 0.5 to 0.6 | 332 | 4.9% | |
| 0.6 to 0.7 | 332 | 4.9% | |
| 0.7 to 0.8 | 209 | 3.1% | |
| 0.8 to 0.9 | 209 | 3.1% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of FMX?
FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. (FMX) has an average correlation of about -0.102 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FMX positively correlated with other stocks?
Not predominantly — 37.5% of pairs are positive and 62.5% are negative. Strong positive correlations (≥0.7) make up 6.3%.
What is the most common correlation range for FMX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for FMX.
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