Mercantile Bank Corp (MBWM) Correlation Distribution
Across 6,809 rolling correlation observations between Mercantile Bank Corp (MBWM) and other NASDAQ-listed stocks, 45.3% are positive and 54.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,809
- Mean correlation
- 0.016
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.3%
- Strong positive (≥0.7)
- 14.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 82 | 1.2% | |
| -0.8 to -0.7 | 82 | 1.2% | |
| -0.7 to -0.6 | 500 | 7.3% | |
| -0.6 to -0.5 | 499 | 7.3% | |
| -0.5 to -0.4 | 637 | 9.4% | |
| -0.4 to -0.3 | 636 | 9.3% | |
| -0.3 to -0.2 | 490 | 7.2% | |
| -0.2 to -0.1 | 490 | 7.2% | |
| -0.1 to 0.0 | 311 | 4.6% | |
| 0.0 to 0.1 | 310 | 4.6% | |
| 0.1 to 0.2 | 274 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 282 | 4.1% | |
| 0.5 to 0.6 | 329 | 4.8% | |
| 0.6 to 0.7 | 328 | 4.8% | |
| 0.7 to 0.8 | 468 | 6.9% | |
| 0.8 to 0.9 | 467 | 6.9% | |
| 0.9 to 1.0 | 68 | 1.0% |
Frequently asked questions
What is the average correlation of MBWM?
Mercantile Bank Corp (MBWM) has an average correlation of about 0.016 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MBWM positively correlated with other stocks?
Not predominantly — 45.3% of pairs are positive and 54.7% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for MBWM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for MBWM.
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