MediaAlpha, Inc. (MAX) Correlation Distribution
Across 6,808 rolling correlation observations between MediaAlpha, Inc. (MAX) and other NASDAQ-listed stocks, 66.5% are positive and 33.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.236, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.6% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,808
- Mean correlation
- 0.236
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.5%
- Strong positive (≥0.7)
- 20.6%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 37 | 0.5% | |
| -0.8 to -0.7 | 37 | 0.5% | |
| -0.7 to -0.6 | 152 | 2.2% | |
| -0.6 to -0.5 | 152 | 2.2% | |
| -0.5 to -0.4 | 362 | 5.3% | |
| -0.4 to -0.3 | 362 | 5.3% | |
| -0.3 to -0.2 | 404 | 5.9% | |
| -0.2 to -0.1 | 404 | 5.9% | |
| -0.1 to 0.0 | 374 | 5.5% | |
| 0.0 to 0.1 | 373 | 5.5% | |
| 0.1 to 0.2 | 400 | 5.9% | |
| 0.2 to 0.3 | 400 | 5.9% | |
| 0.3 to 0.4 | 428 | 6.3% | |
| 0.4 to 0.5 | 427 | 6.3% | |
| 0.5 to 0.6 | 546 | 8.0% | |
| 0.6 to 0.7 | 546 | 8.0% | |
| 0.7 to 0.8 | 639 | 9.4% | |
| 0.8 to 0.9 | 638 | 9.4% | |
| 0.9 to 1.0 | 127 | 1.9% |
Frequently asked questions
What is the average correlation of MAX?
MediaAlpha, Inc. (MAX) has an average correlation of about 0.236 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MAX positively correlated with other stocks?
Mostly yes — 66.5% of pairs are positive and 33.5% are negative. Strong positive correlations (≥0.7) make up 20.6%.
What is the most common correlation range for MAX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 34.6% of all pairs.
Explore the full interactive correlation distribution for MAX.
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