MICROMOBILITY.COM INC A (MCOM) Correlation Distribution
Across 6,110 rolling correlation observations between MICROMOBILITY.COM INC A (MCOM) and other NASDAQ-listed stocks, 48.6% are positive and 51.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.029, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,110
- Mean correlation
- 0.029
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.6%
- Strong positive (≥0.7)
- 3.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 113 | 1.8% | |
| -0.6 to -0.5 | 113 | 1.8% | |
| -0.5 to -0.4 | 641 | 10.5% | |
| -0.4 to -0.3 | 640 | 10.5% | |
| -0.3 to -0.2 | 592 | 9.7% | |
| -0.2 to -0.1 | 591 | 9.7% | |
| -0.1 to 0.0 | 441 | 7.2% | |
| 0.0 to 0.1 | 440 | 7.2% | |
| 0.1 to 0.2 | 404 | 6.6% | |
| 0.2 to 0.3 | 403 | 6.6% | |
| 0.3 to 0.4 | 426 | 7.0% | |
| 0.4 to 0.5 | 425 | 7.0% | |
| 0.5 to 0.6 | 327 | 5.4% | |
| 0.6 to 0.7 | 327 | 5.4% | |
| 0.7 to 0.8 | 99 | 1.6% | |
| 0.8 to 0.9 | 99 | 1.6% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of MCOM?
MICROMOBILITY.COM INC A (MCOM) has an average correlation of about 0.029 with other NASDAQ stocks, based on 6,110 pairwise observations.
Is MCOM positively correlated with other stocks?
Not predominantly — 48.6% of pairs are positive and 51.4% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for MCOM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 47% of all pairs.
Explore the full interactive correlation distribution for MCOM.
Open interactive dashboard →