Matsons, Inc. (MATX) Correlation Distribution
Across 6,809 rolling correlation observations between Matsons, Inc. (MATX) and other NASDAQ-listed stocks, 43.9% are positive and 56.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.01, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.1% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- -0.01
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.9%
- Strong positive (≥0.7)
- 14.1%
- Sector
- Water Transportation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 124 | 1.8% | |
| -0.8 to -0.7 | 124 | 1.8% | |
| -0.7 to -0.6 | 572 | 8.4% | |
| -0.6 to -0.5 | 572 | 8.4% | |
| -0.5 to -0.4 | 626 | 9.2% | |
| -0.4 to -0.3 | 626 | 9.2% | |
| -0.3 to -0.2 | 439 | 6.4% | |
| -0.2 to -0.1 | 439 | 6.4% | |
| -0.1 to 0.0 | 298 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 263 | 3.9% | |
| 0.2 to 0.3 | 262 | 3.8% | |
| 0.3 to 0.4 | 258 | 3.8% | |
| 0.4 to 0.5 | 258 | 3.8% | |
| 0.5 to 0.6 | 344 | 5.1% | |
| 0.6 to 0.7 | 343 | 5.0% | |
| 0.7 to 0.8 | 459 | 6.7% | |
| 0.8 to 0.9 | 458 | 6.7% | |
| 0.9 to 1.0 | 44 | 0.6% |
Frequently asked questions
What is the average correlation of MATX?
Matsons, Inc. (MATX) has an average correlation of about -0.01 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MATX positively correlated with other stocks?
Not predominantly — 43.9% of pairs are positive and 56.1% are negative. Strong positive correlations (≥0.7) make up 14.1%.
What is the most common correlation range for MATX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for MATX.
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