Marchex, Inc. Class B (MCHX) Correlation Distribution
Across 6,809 rolling correlation observations between Marchex, Inc. Class B (MCHX) and other NASDAQ-listed stocks, 74.2% are positive and 25.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 26.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.328
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.2%
- Strong positive (≥0.7)
- 26.1%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 124 | 1.8% | |
| -0.6 to -0.5 | 123 | 1.8% | |
| -0.5 to -0.4 | 321 | 4.7% | |
| -0.4 to -0.3 | 321 | 4.7% | |
| -0.3 to -0.2 | 290 | 4.3% | |
| -0.2 to -0.1 | 289 | 4.2% | |
| -0.1 to 0.0 | 275 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 347 | 5.1% | |
| 0.2 to 0.3 | 346 | 5.1% | |
| 0.3 to 0.4 | 451 | 6.6% | |
| 0.4 to 0.5 | 451 | 6.6% | |
| 0.5 to 0.6 | 702 | 10.3% | |
| 0.6 to 0.7 | 701 | 10.3% | |
| 0.7 to 0.8 | 887 | 13.0% | |
| 0.8 to 0.9 | 886 | 13.0% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of MCHX?
Marchex, Inc. Class B (MCHX) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MCHX positively correlated with other stocks?
Mostly yes — 74.2% of pairs are positive and 25.8% are negative. Strong positive correlations (≥0.7) make up 26.1%.
What is the most common correlation range for MCHX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for MCHX.
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