MACAU (MACAU) Correlation Distribution
Across 5,092 rolling correlation observations between MACAU (MACAU) and other NASDAQ-listed stocks, 35.2% are positive and 64.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.2% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 5,092
- Mean correlation
- -0.056
- Most common range
- -0.3 to -0.2
- Positive pairs
- 35.2%
- Strong positive (≥0.7)
- 5.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.4% | |
| -0.8 to -0.7 | 18 | 0.4% | |
| -0.7 to -0.6 | 173 | 3.4% | |
| -0.6 to -0.5 | 173 | 3.4% | |
| -0.5 to -0.4 | 509 | 10.0% | |
| -0.4 to -0.3 | 509 | 10.0% | |
| -0.3 to -0.2 | 761 | 14.9% | |
| -0.2 to -0.1 | 761 | 14.9% | |
| -0.1 to 0.0 | 376 | 7.4% | |
| 0.0 to 0.1 | 376 | 7.4% | |
| 0.1 to 0.2 | 213 | 4.2% | |
| 0.2 to 0.3 | 212 | 4.2% | |
| 0.3 to 0.4 | 174 | 3.4% | |
| 0.4 to 0.5 | 173 | 3.4% | |
| 0.5 to 0.6 | 190 | 3.7% | |
| 0.6 to 0.7 | 189 | 3.7% | |
| 0.7 to 0.8 | 133 | 2.6% | |
| 0.8 to 0.9 | 133 | 2.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MACAU?
MACAU (MACAU) has an average correlation of about -0.056 with other NASDAQ stocks, based on 5,092 pairwise observations.
Is MACAU positively correlated with other stocks?
Not predominantly — 35.2% of pairs are positive and 64.8% are negative. Strong positive correlations (≥0.7) make up 5.2%.
What is the most common correlation range for MACAU?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 53% of all pairs.
Explore the full interactive correlation distribution for MACAU.
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