Mastercard Incorporated (MA) Correlation Distribution
Across 6,809 rolling correlation observations between Mastercard Incorporated (MA) and other NASDAQ-listed stocks, 40% are positive and 60% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.049, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 6.6%.
- Total observations
- 6,809
- Mean correlation
- -0.049
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 223 | 3.3% | |
| -0.8 to -0.7 | 222 | 3.3% | |
| -0.7 to -0.6 | 584 | 8.6% | |
| -0.6 to -0.5 | 584 | 8.6% | |
| -0.5 to -0.4 | 732 | 10.8% | |
| -0.4 to -0.3 | 732 | 10.8% | |
| -0.3 to -0.2 | 367 | 5.4% | |
| -0.2 to -0.1 | 367 | 5.4% | |
| -0.1 to 0.0 | 271 | 4.0% | |
| 0.0 to 0.1 | 270 | 4.0% | |
| 0.1 to 0.2 | 214 | 3.1% | |
| 0.2 to 0.3 | 213 | 3.1% | |
| 0.3 to 0.4 | 235 | 3.5% | |
| 0.4 to 0.5 | 235 | 3.5% | |
| 0.5 to 0.6 | 249 | 3.7% | |
| 0.6 to 0.7 | 249 | 3.7% | |
| 0.7 to 0.8 | 395 | 5.8% | |
| 0.8 to 0.9 | 394 | 5.8% | |
| 0.9 to 1.0 | 271 | 4.0% |
Frequently asked questions
What is the average correlation of MA?
Mastercard Incorporated (MA) has an average correlation of about -0.049 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MA positively correlated with other stocks?
Not predominantly — 40% of pairs are positive and 60% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for MA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for MA.
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