MCAF (MCAF) Correlation Distribution
Across 6,048 rolling correlation observations between MCAF (MCAF) and other NASDAQ-listed stocks, 33% are positive and 67% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,048
- Mean correlation
- -0.07
- Most common range
- -0.3 to -0.2
- Positive pairs
- 33%
- Strong positive (≥0.7)
- 0.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 35 | 0.6% | |
| -0.6 to -0.5 | 35 | 0.6% | |
| -0.5 to -0.4 | 573 | 9.5% | |
| -0.4 to -0.3 | 573 | 9.5% | |
| -0.3 to -0.2 | 1,210 | 20.0% | |
| -0.2 to -0.1 | 1,209 | 20.0% | |
| -0.1 to 0.0 | 400 | 6.6% | |
| 0.0 to 0.1 | 399 | 6.6% | |
| 0.1 to 0.2 | 309 | 5.1% | |
| 0.2 to 0.3 | 308 | 5.1% | |
| 0.3 to 0.4 | 356 | 5.9% | |
| 0.4 to 0.5 | 356 | 5.9% | |
| 0.5 to 0.6 | 124 | 2.1% | |
| 0.6 to 0.7 | 124 | 2.1% | |
| 0.7 to 0.8 | 7 | 0.1% | |
| 0.8 to 0.9 | 6 | 0.1% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of MCAF?
MCAF (MCAF) has an average correlation of about -0.07 with other NASDAQ stocks, based on 6,048 pairwise observations.
Is MCAF positively correlated with other stocks?
Not predominantly — 33% of pairs are positive and 67% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for MCAF?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 63.4% of all pairs.
Explore the full interactive correlation distribution for MCAF.
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