MACK (MACK) Correlation Distribution
Across 6,654 rolling correlation observations between MACK (MACK) and other NASDAQ-listed stocks, 33.1% are positive and 66.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.176, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.3% and strong negative correlations (≤−0.7) for 11.7%.
- Total observations
- 6,654
- Mean correlation
- -0.176
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33.1%
- Strong positive (≥0.7)
- 10.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 383 | 5.8% | |
| -0.8 to -0.7 | 382 | 5.7% | |
| -0.7 to -0.6 | 925 | 13.9% | |
| -0.6 to -0.5 | 924 | 13.9% | |
| -0.5 to -0.4 | 521 | 7.8% | |
| -0.4 to -0.3 | 521 | 7.8% | |
| -0.3 to -0.2 | 289 | 4.3% | |
| -0.2 to -0.1 | 289 | 4.3% | |
| -0.1 to 0.0 | 203 | 3.1% | |
| 0.0 to 0.1 | 202 | 3.0% | |
| 0.1 to 0.2 | 197 | 3.0% | |
| 0.2 to 0.3 | 196 | 2.9% | |
| 0.3 to 0.4 | 209 | 3.1% | |
| 0.4 to 0.5 | 209 | 3.1% | |
| 0.5 to 0.6 | 252 | 3.8% | |
| 0.6 to 0.7 | 252 | 3.8% | |
| 0.7 to 0.8 | 334 | 5.0% | |
| 0.8 to 0.9 | 334 | 5.0% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of MACK?
MACK (MACK) has an average correlation of about -0.176 with other NASDAQ stocks, based on 6,654 pairwise observations.
Is MACK positively correlated with other stocks?
Not predominantly — 33.1% of pairs are positive and 66.9% are negative. Strong positive correlations (≥0.7) make up 10.3%.
What is the most common correlation range for MACK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for MACK.
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