MOUNTAIN CREST ACQ V (MCAG) Correlation Distribution
Across 5,697 rolling correlation observations between MOUNTAIN CREST ACQ V (MCAG) and other NASDAQ-listed stocks, 34.8% are positive and 65.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.184, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.9% and strong negative correlations (≤−0.7) for 24.6%.
- Total observations
- 5,697
- Mean correlation
- -0.184
- Most common range
- -0.9 to -0.8
- Positive pairs
- 34.8%
- Strong positive (≥0.7)
- 12.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 123 | 2.2% | |
| -0.9 to -0.8 | 639 | 11.2% | |
| -0.8 to -0.7 | 639 | 11.2% | |
| -0.7 to -0.6 | 532 | 9.3% | |
| -0.6 to -0.5 | 531 | 9.3% | |
| -0.5 to -0.4 | 309 | 5.4% | |
| -0.4 to -0.3 | 308 | 5.4% | |
| -0.3 to -0.2 | 234 | 4.1% | |
| -0.2 to -0.1 | 233 | 4.1% | |
| -0.1 to 0.0 | 167 | 2.9% | |
| 0.0 to 0.1 | 167 | 2.9% | |
| 0.1 to 0.2 | 148 | 2.6% | |
| 0.2 to 0.3 | 148 | 2.6% | |
| 0.3 to 0.4 | 164 | 2.9% | |
| 0.4 to 0.5 | 164 | 2.9% | |
| 0.5 to 0.6 | 229 | 4.0% | |
| 0.6 to 0.7 | 229 | 4.0% | |
| 0.7 to 0.8 | 310 | 5.4% | |
| 0.8 to 0.9 | 310 | 5.4% | |
| 0.9 to 1.0 | 113 | 2.0% |
Frequently asked questions
What is the average correlation of MCAG?
MOUNTAIN CREST ACQ V (MCAG) has an average correlation of about -0.184 with other NASDAQ stocks, based on 5,697 pairwise observations.
Is MCAG positively correlated with other stocks?
Not predominantly — 34.8% of pairs are positive and 65.2% are negative. Strong positive correlations (≥0.7) make up 12.9%.
What is the most common correlation range for MCAG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for MCAG.
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