McKesson Corporation (MCK) Correlation Distribution
Across 6,809 rolling correlation observations between McKesson Corporation (MCK) and other NASDAQ-listed stocks, 35.4% are positive and 64.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.194, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 30.9%.
- Total observations
- 6,809
- Mean correlation
- -0.194
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.4%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Wholesale-Drugs, Proprietaries & Druggists' Sundries
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 139 | 2.0% | |
| -0.9 to -0.8 | 982 | 14.4% | |
| -0.8 to -0.7 | 982 | 14.4% | |
| -0.7 to -0.6 | 564 | 8.3% | |
| -0.6 to -0.5 | 563 | 8.3% | |
| -0.5 to -0.4 | 275 | 4.0% | |
| -0.4 to -0.3 | 275 | 4.0% | |
| -0.3 to -0.2 | 214 | 3.1% | |
| -0.2 to -0.1 | 214 | 3.1% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 170 | 2.5% | |
| 0.2 to 0.3 | 169 | 2.5% | |
| 0.3 to 0.4 | 184 | 2.7% | |
| 0.4 to 0.5 | 183 | 2.7% | |
| 0.5 to 0.6 | 244 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 386 | 5.7% | |
| 0.9 to 1.0 | 253 | 3.7% |
Frequently asked questions
What is the average correlation of MCK?
McKesson Corporation (MCK) has an average correlation of about -0.194 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MCK positively correlated with other stocks?
Not predominantly — 35.4% of pairs are positive and 64.6% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for MCK?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.9% of all pairs.
Explore the full interactive correlation distribution for MCK.
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