MCBC (MCBC) Correlation Distribution
Across 6,735 rolling correlation observations between MCBC (MCBC) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.6% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,735
- Mean correlation
- -0.07
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 5.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 525 | 7.8% | |
| -0.6 to -0.5 | 525 | 7.8% | |
| -0.5 to -0.4 | 938 | 13.9% | |
| -0.4 to -0.3 | 938 | 13.9% | |
| -0.3 to -0.2 | 467 | 6.9% | |
| -0.2 to -0.1 | 467 | 6.9% | |
| -0.1 to 0.0 | 298 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 274 | 4.1% | |
| 0.2 to 0.3 | 274 | 4.1% | |
| 0.3 to 0.4 | 278 | 4.1% | |
| 0.4 to 0.5 | 278 | 4.1% | |
| 0.5 to 0.6 | 392 | 5.8% | |
| 0.6 to 0.7 | 391 | 5.8% | |
| 0.7 to 0.8 | 190 | 2.8% | |
| 0.8 to 0.9 | 189 | 2.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MCBC?
MCBC (MCBC) has an average correlation of about -0.07 with other NASDAQ stocks, based on 6,735 pairwise observations.
Is MCBC positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 5.6%.
What is the most common correlation range for MCBC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.8% of all pairs.
Explore the full interactive correlation distribution for MCBC.
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