Merchants Bancorp Common Stock (MBIN) Correlation Distribution
Across 6,809 rolling correlation observations between Merchants Bancorp Common Stock (MBIN) and other NASDAQ-listed stocks, 44.2% are positive and 55.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.009, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- -0.009
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.2%
- Strong positive (≥0.7)
- 13.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 106 | 1.6% | |
| -0.7 to -0.6 | 573 | 8.4% | |
| -0.6 to -0.5 | 573 | 8.4% | |
| -0.5 to -0.4 | 655 | 9.6% | |
| -0.4 to -0.3 | 654 | 9.6% | |
| -0.3 to -0.2 | 418 | 6.1% | |
| -0.2 to -0.1 | 418 | 6.1% | |
| -0.1 to 0.0 | 295 | 4.3% | |
| 0.0 to 0.1 | 295 | 4.3% | |
| 0.1 to 0.2 | 289 | 4.2% | |
| 0.2 to 0.3 | 289 | 4.2% | |
| 0.3 to 0.4 | 252 | 3.7% | |
| 0.4 to 0.5 | 251 | 3.7% | |
| 0.5 to 0.6 | 349 | 5.1% | |
| 0.6 to 0.7 | 349 | 5.1% | |
| 0.7 to 0.8 | 454 | 6.7% | |
| 0.8 to 0.9 | 454 | 6.7% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of MBIN?
Merchants Bancorp Common Stock (MBIN) has an average correlation of about -0.009 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MBIN positively correlated with other stocks?
Not predominantly — 44.2% of pairs are positive and 55.8% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for MBIN?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for MBIN.
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