MACA (MACA) Correlation Distribution
Across 5,935 rolling correlation observations between MACA (MACA) and other NASDAQ-listed stocks, 27.6% are positive and 72.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.241, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 14.9%.
- Total observations
- 5,935
- Mean correlation
- -0.241
- Most common range
- -0.7 to -0.6
- Positive pairs
- 27.6%
- Strong positive (≥0.7)
- 10.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.3% | |
| -0.9 to -0.8 | 434 | 7.3% | |
| -0.8 to -0.7 | 433 | 7.3% | |
| -0.7 to -0.6 | 957 | 16.1% | |
| -0.6 to -0.5 | 956 | 16.1% | |
| -0.5 to -0.4 | 443 | 7.5% | |
| -0.4 to -0.3 | 442 | 7.4% | |
| -0.3 to -0.2 | 223 | 3.8% | |
| -0.2 to -0.1 | 222 | 3.7% | |
| -0.1 to 0.0 | 168 | 2.8% | |
| 0.0 to 0.1 | 167 | 2.8% | |
| 0.1 to 0.2 | 128 | 2.2% | |
| 0.2 to 0.3 | 127 | 2.1% | |
| 0.3 to 0.4 | 137 | 2.3% | |
| 0.4 to 0.5 | 136 | 2.3% | |
| 0.5 to 0.6 | 165 | 2.8% | |
| 0.6 to 0.7 | 165 | 2.8% | |
| 0.7 to 0.8 | 249 | 4.2% | |
| 0.8 to 0.9 | 249 | 4.2% | |
| 0.9 to 1.0 | 118 | 2.0% |
Frequently asked questions
What is the average correlation of MACA?
MACA (MACA) has an average correlation of about -0.241 with other NASDAQ stocks, based on 5,935 pairwise observations.
Is MACA positively correlated with other stocks?
Not predominantly — 27.6% of pairs are positive and 72.4% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for MACA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for MACA.
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