Middlefield Banc Corp. (MBCN) Correlation Distribution
Across 6,808 rolling correlation observations between Middlefield Banc Corp. (MBCN) and other NASDAQ-listed stocks, 41.5% are positive and 58.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.2% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,808
- Mean correlation
- -0.08
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.5%
- Strong positive (≥0.7)
- 1.2%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 88 | 1.3% | |
| -0.8 to -0.7 | 88 | 1.3% | |
| -0.7 to -0.6 | 556 | 8.2% | |
| -0.6 to -0.5 | 555 | 8.2% | |
| -0.5 to -0.4 | 555 | 8.2% | |
| -0.4 to -0.3 | 554 | 8.1% | |
| -0.3 to -0.2 | 553 | 8.1% | |
| -0.2 to -0.1 | 552 | 8.1% | |
| -0.1 to 0.0 | 479 | 7.0% | |
| 0.0 to 0.1 | 479 | 7.0% | |
| 0.1 to 0.2 | 421 | 6.2% | |
| 0.2 to 0.3 | 420 | 6.2% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 400 | 5.9% | |
| 0.5 to 0.6 | 314 | 4.6% | |
| 0.6 to 0.7 | 314 | 4.6% | |
| 0.7 to 0.8 | 40 | 0.6% | |
| 0.8 to 0.9 | 40 | 0.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MBCN?
Middlefield Banc Corp. (MBCN) has an average correlation of about -0.08 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MBCN positively correlated with other stocks?
Not predominantly — 41.5% of pairs are positive and 58.5% are negative. Strong positive correlations (≥0.7) make up 1.2%.
What is the most common correlation range for MBCN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 42.7% of all pairs.
Explore the full interactive correlation distribution for MBCN.
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