MBAC (MBAC) Correlation Distribution
Across 6,225 rolling correlation observations between MBAC (MBAC) and other NASDAQ-listed stocks, 25.8% are positive and 74.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.241, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.2% and strong negative correlations (≤−0.7) for 9.8%.
- Total observations
- 6,225
- Mean correlation
- -0.241
- Most common range
- -0.7 to -0.6
- Positive pairs
- 25.8%
- Strong positive (≥0.7)
- 8.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 304 | 4.9% | |
| -0.8 to -0.7 | 303 | 4.9% | |
| -0.7 to -0.6 | 951 | 15.3% | |
| -0.6 to -0.5 | 950 | 15.3% | |
| -0.5 to -0.4 | 683 | 11.0% | |
| -0.4 to -0.3 | 683 | 11.0% | |
| -0.3 to -0.2 | 280 | 4.5% | |
| -0.2 to -0.1 | 279 | 4.5% | |
| -0.1 to 0.0 | 181 | 2.9% | |
| 0.0 to 0.1 | 180 | 2.9% | |
| 0.1 to 0.2 | 153 | 2.5% | |
| 0.2 to 0.3 | 152 | 2.4% | |
| 0.3 to 0.4 | 158 | 2.5% | |
| 0.4 to 0.5 | 158 | 2.5% | |
| 0.5 to 0.6 | 150 | 2.4% | |
| 0.6 to 0.7 | 149 | 2.4% | |
| 0.7 to 0.8 | 211 | 3.4% | |
| 0.8 to 0.9 | 210 | 3.4% | |
| 0.9 to 1.0 | 87 | 1.4% |
Frequently asked questions
What is the average correlation of MBAC?
MBAC (MBAC) has an average correlation of about -0.241 with other NASDAQ stocks, based on 6,225 pairwise observations.
Is MBAC positively correlated with other stocks?
Not predominantly — 25.8% of pairs are positive and 74.2% are negative. Strong positive correlations (≥0.7) make up 8.2%.
What is the most common correlation range for MBAC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for MBAC.
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