McDonald's Corporation (MCD) Correlation Distribution
Across 6,809 rolling correlation observations between McDonald's Corporation (MCD) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.142, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 16.3%.
- Total observations
- 6,809
- Mean correlation
- -0.142
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 9.2%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 556 | 8.2% | |
| -0.8 to -0.7 | 555 | 8.2% | |
| -0.7 to -0.6 | 725 | 10.6% | |
| -0.6 to -0.5 | 725 | 10.6% | |
| -0.5 to -0.4 | 428 | 6.3% | |
| -0.4 to -0.3 | 428 | 6.3% | |
| -0.3 to -0.2 | 275 | 4.0% | |
| -0.2 to -0.1 | 274 | 4.0% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 237 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 255 | 3.7% | |
| 0.4 to 0.5 | 255 | 3.7% | |
| 0.5 to 0.6 | 372 | 5.5% | |
| 0.6 to 0.7 | 371 | 5.4% | |
| 0.7 to 0.8 | 311 | 4.6% | |
| 0.8 to 0.9 | 310 | 4.6% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of MCD?
McDonald's Corporation (MCD) has an average correlation of about -0.142 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MCD positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for MCD?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for MCD.
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