MBINP (MBINP) Correlation Distribution
Across 6,532 rolling correlation observations between MBINP (MBINP) and other NASDAQ-listed stocks, 75.2% are positive and 24.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.323, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,532
- Mean correlation
- 0.323
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.2%
- Strong positive (≥0.7)
- 20%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 158 | 2.4% | |
| -0.6 to -0.5 | 158 | 2.4% | |
| -0.5 to -0.4 | 282 | 4.3% | |
| -0.4 to -0.3 | 281 | 4.3% | |
| -0.3 to -0.2 | 229 | 3.5% | |
| -0.2 to -0.1 | 229 | 3.5% | |
| -0.1 to 0.0 | 243 | 3.7% | |
| 0.0 to 0.1 | 242 | 3.7% | |
| 0.1 to 0.2 | 304 | 4.7% | |
| 0.2 to 0.3 | 303 | 4.6% | |
| 0.3 to 0.4 | 427 | 6.5% | |
| 0.4 to 0.5 | 427 | 6.5% | |
| 0.5 to 0.6 | 951 | 14.6% | |
| 0.6 to 0.7 | 950 | 14.5% | |
| 0.7 to 0.8 | 649 | 9.9% | |
| 0.8 to 0.9 | 648 | 9.9% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of MBINP?
MBINP (MBINP) has an average correlation of about 0.323 with other NASDAQ stocks, based on 6,532 pairwise observations.
Is MBINP positively correlated with other stocks?
Mostly yes — 75.2% of pairs are positive and 24.8% are negative. Strong positive correlations (≥0.7) make up 20%.
What is the most common correlation range for MBINP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for MBINP.
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