Manhattan Associates Inc (MANH) Correlation Distribution
Across 6,809 rolling correlation observations between Manhattan Associates Inc (MANH) and other NASDAQ-listed stocks, 40.3% are positive and 59.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.056
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.3%
- Strong positive (≥0.7)
- 12.6%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 138 | 2.0% | |
| -0.8 to -0.7 | 137 | 2.0% | |
| -0.7 to -0.6 | 716 | 10.5% | |
| -0.6 to -0.5 | 716 | 10.5% | |
| -0.5 to -0.4 | 673 | 9.9% | |
| -0.4 to -0.3 | 672 | 9.9% | |
| -0.3 to -0.2 | 376 | 5.5% | |
| -0.2 to -0.1 | 375 | 5.5% | |
| -0.1 to 0.0 | 263 | 3.9% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 238 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 237 | 3.5% | |
| 0.4 to 0.5 | 237 | 3.5% | |
| 0.5 to 0.6 | 337 | 4.9% | |
| 0.6 to 0.7 | 337 | 4.9% | |
| 0.7 to 0.8 | 385 | 5.7% | |
| 0.8 to 0.9 | 385 | 5.7% | |
| 0.9 to 1.0 | 86 | 1.3% |
Frequently asked questions
What is the average correlation of MANH?
Manhattan Associates Inc (MANH) has an average correlation of about -0.056 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MANH positively correlated with other stocks?
Not predominantly — 40.3% of pairs are positive and 59.7% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for MANH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for MANH.
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