MCAA (MCAA) Correlation Distribution
Across 6,366 rolling correlation observations between MCAA (MCAA) and other NASDAQ-listed stocks, 35.5% are positive and 64.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.186, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 29.5%.
- Total observations
- 6,366
- Mean correlation
- -0.186
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.5%
- Strong positive (≥0.7)
- 15.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 331 | 5.2% | |
| -0.9 to -0.8 | 774 | 12.2% | |
| -0.8 to -0.7 | 774 | 12.2% | |
| -0.7 to -0.6 | 503 | 7.9% | |
| -0.6 to -0.5 | 502 | 7.9% | |
| -0.5 to -0.4 | 315 | 4.9% | |
| -0.4 to -0.3 | 314 | 4.9% | |
| -0.3 to -0.2 | 212 | 3.3% | |
| -0.2 to -0.1 | 211 | 3.3% | |
| -0.1 to 0.0 | 172 | 2.7% | |
| 0.0 to 0.1 | 172 | 2.7% | |
| 0.1 to 0.2 | 160 | 2.5% | |
| 0.2 to 0.3 | 159 | 2.5% | |
| 0.3 to 0.4 | 167 | 2.6% | |
| 0.4 to 0.5 | 166 | 2.6% | |
| 0.5 to 0.6 | 218 | 3.4% | |
| 0.6 to 0.7 | 217 | 3.4% | |
| 0.7 to 0.8 | 331 | 5.2% | |
| 0.8 to 0.9 | 330 | 5.2% | |
| 0.9 to 1.0 | 338 | 5.3% |
Frequently asked questions
What is the average correlation of MCAA?
MCAA (MCAA) has an average correlation of about -0.186 with other NASDAQ stocks, based on 6,366 pairwise observations.
Is MCAA positively correlated with other stocks?
Not predominantly — 35.5% of pairs are positive and 64.5% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for MCAA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.1% of all pairs.
Explore the full interactive correlation distribution for MCAA.
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