MICROMOBILITY.COM WTS (MCOMW) Correlation Distribution
Across 5,788 rolling correlation observations between MICROMOBILITY.COM WTS (MCOMW) and other NASDAQ-listed stocks, 46.2% are positive and 53.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.021, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.3% and strong negative correlations (≤−0.7) for 11.6%.
- Total observations
- 5,788
- Mean correlation
- -0.021
- Most common range
- -0.7 to -0.6
- Positive pairs
- 46.2%
- Strong positive (≥0.7)
- 16.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 335 | 5.8% | |
| -0.8 to -0.7 | 334 | 5.8% | |
| -0.7 to -0.6 | 527 | 9.1% | |
| -0.6 to -0.5 | 526 | 9.1% | |
| -0.5 to -0.4 | 348 | 6.0% | |
| -0.4 to -0.3 | 348 | 6.0% | |
| -0.3 to -0.2 | 248 | 4.3% | |
| -0.2 to -0.1 | 248 | 4.3% | |
| -0.1 to 0.0 | 200 | 3.5% | |
| 0.0 to 0.1 | 199 | 3.4% | |
| 0.1 to 0.2 | 196 | 3.4% | |
| 0.2 to 0.3 | 195 | 3.4% | |
| 0.3 to 0.4 | 249 | 4.3% | |
| 0.4 to 0.5 | 248 | 4.3% | |
| 0.5 to 0.6 | 321 | 5.5% | |
| 0.6 to 0.7 | 321 | 5.5% | |
| 0.7 to 0.8 | 461 | 8.0% | |
| 0.8 to 0.9 | 460 | 7.9% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of MCOMW?
MICROMOBILITY.COM WTS (MCOMW) has an average correlation of about -0.021 with other NASDAQ stocks, based on 5,788 pairwise observations.
Is MCOMW positively correlated with other stocks?
Not predominantly — 46.2% of pairs are positive and 53.8% are negative. Strong positive correlations (≥0.7) make up 16.3%.
What is the most common correlation range for MCOMW?
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 MCOMW.
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