Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock (MBINM) Correlation Distribution
Across 6,499 rolling correlation observations between Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock (MBINM) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.16, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,499
- Mean correlation
- 0.16
- Most common range
- 0.1 to 0.2
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 2.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 53 | 0.8% | |
| -0.6 to -0.5 | 52 | 0.8% | |
| -0.5 to -0.4 | 163 | 2.5% | |
| -0.4 to -0.3 | 162 | 2.5% | |
| -0.3 to -0.2 | 391 | 6.0% | |
| -0.2 to -0.1 | 391 | 6.0% | |
| -0.1 to 0.0 | 648 | 10.0% | |
| 0.0 to 0.1 | 647 | 10.0% | |
| 0.1 to 0.2 | 967 | 14.9% | |
| 0.2 to 0.3 | 966 | 14.9% | |
| 0.3 to 0.4 | 631 | 9.7% | |
| 0.4 to 0.5 | 630 | 9.7% | |
| 0.5 to 0.6 | 306 | 4.7% | |
| 0.6 to 0.7 | 305 | 4.7% | |
| 0.7 to 0.8 | 88 | 1.4% | |
| 0.8 to 0.9 | 88 | 1.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MBINM?
Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock (MBINM) has an average correlation of about 0.16 with other NASDAQ stocks, based on 6,499 pairwise observations.
Is MBINM positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 2.7%.
What is the most common correlation range for MBINM?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 61.7% of all pairs.
Explore the full interactive correlation distribution for MBINM.
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