Medallion Bank Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (MBNKP) Correlation Distribution
Across 6,687 rolling correlation observations between Medallion Bank Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (MBNKP) and other NASDAQ-listed stocks, 69.1% are positive and 30.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.19, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.2% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,687
- Mean correlation
- 0.19
- Most common range
- 0.3 to 0.4
- Positive pairs
- 69.1%
- Strong positive (≥0.7)
- 6.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 55 | 0.8% | |
| -0.8 to -0.7 | 55 | 0.8% | |
| -0.7 to -0.6 | 146 | 2.2% | |
| -0.6 to -0.5 | 145 | 2.2% | |
| -0.5 to -0.4 | 225 | 3.4% | |
| -0.4 to -0.3 | 225 | 3.4% | |
| -0.3 to -0.2 | 378 | 5.7% | |
| -0.2 to -0.1 | 377 | 5.6% | |
| -0.1 to 0.0 | 462 | 6.9% | |
| 0.0 to 0.1 | 461 | 6.9% | |
| 0.1 to 0.2 | 535 | 8.0% | |
| 0.2 to 0.3 | 534 | 8.0% | |
| 0.3 to 0.4 | 711 | 10.6% | |
| 0.4 to 0.5 | 711 | 10.6% | |
| 0.5 to 0.6 | 625 | 9.3% | |
| 0.6 to 0.7 | 625 | 9.3% | |
| 0.7 to 0.8 | 207 | 3.1% | |
| 0.8 to 0.9 | 206 | 3.1% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of MBNKP?
Medallion Bank Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (MBNKP) has an average correlation of about 0.19 with other NASDAQ stocks, based on 6,687 pairwise observations.
Is MBNKP positively correlated with other stocks?
Mostly yes — 69.1% of pairs are positive and 30.9% are negative. Strong positive correlations (≥0.7) make up 6.2%.
What is the most common correlation range for MBNKP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.1% of all pairs.
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