Macy's Inc. (M) Correlation Distribution
Across 6,809 rolling correlation observations between Macy's Inc. (M) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.187, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.6% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.187
- Most common range
- 0.1 to 0.2
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 5.6%
- Sector
- Retail-Department Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 97 | 1.4% | |
| -0.6 to -0.5 | 96 | 1.4% | |
| -0.5 to -0.4 | 228 | 3.3% | |
| -0.4 to -0.3 | 228 | 3.3% | |
| -0.3 to -0.2 | 413 | 6.1% | |
| -0.2 to -0.1 | 412 | 6.1% | |
| -0.1 to 0.0 | 601 | 8.8% | |
| 0.0 to 0.1 | 601 | 8.8% | |
| 0.1 to 0.2 | 686 | 10.1% | |
| 0.2 to 0.3 | 686 | 10.1% | |
| 0.3 to 0.4 | 618 | 9.1% | |
| 0.4 to 0.5 | 618 | 9.1% | |
| 0.5 to 0.6 | 562 | 8.3% | |
| 0.6 to 0.7 | 561 | 8.2% | |
| 0.7 to 0.8 | 192 | 2.8% | |
| 0.8 to 0.9 | 192 | 2.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of M?
Macy's Inc. (M) has an average correlation of about 0.187 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is M positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 5.6%.
What is the most common correlation range for M?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 49.9% of all pairs.
Explore the full interactive correlation distribution for M.
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