MCAAW (MCAAW) Correlation Distribution
Across 5,883 rolling correlation observations between MCAAW (MCAAW) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 26.2% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 5,883
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 26.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.2% | |
| -0.8 to -0.7 | 9 | 0.2% | |
| -0.7 to -0.6 | 106 | 1.8% | |
| -0.6 to -0.5 | 105 | 1.8% | |
| -0.5 to -0.4 | 281 | 4.8% | |
| -0.4 to -0.3 | 280 | 4.8% | |
| -0.3 to -0.2 | 270 | 4.6% | |
| -0.2 to -0.1 | 269 | 4.6% | |
| -0.1 to 0.0 | 239 | 4.1% | |
| 0.0 to 0.1 | 238 | 4.0% | |
| 0.1 to 0.2 | 284 | 4.8% | |
| 0.2 to 0.3 | 284 | 4.8% | |
| 0.3 to 0.4 | 354 | 6.0% | |
| 0.4 to 0.5 | 354 | 6.0% | |
| 0.5 to 0.6 | 629 | 10.7% | |
| 0.6 to 0.7 | 628 | 10.7% | |
| 0.7 to 0.8 | 740 | 12.6% | |
| 0.8 to 0.9 | 740 | 12.6% | |
| 0.9 to 1.0 | 64 | 1.1% |
Frequently asked questions
What is the average correlation of MCAAW?
MCAAW (MCAAW) has an average correlation of about 0.327 with other NASDAQ stocks, based on 5,883 pairwise observations.
Is MCAAW positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 26.2%.
What is the most common correlation range for MCAAW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for MCAAW.
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