Monarch Casino & Resort Inc (MCRI) Correlation Distribution
Across 6,809 rolling correlation observations between Monarch Casino & Resort Inc (MCRI) and other NASDAQ-listed stocks, 49% are positive and 51% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.042, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.042
- Most common range
- -0.3 to -0.2
- Positive pairs
- 49%
- Strong positive (≥0.7)
- 5.9%
- Sector
- Hotels & Motels
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 259 | 3.8% | |
| -0.6 to -0.5 | 259 | 3.8% | |
| -0.5 to -0.4 | 551 | 8.1% | |
| -0.4 to -0.3 | 550 | 8.1% | |
| -0.3 to -0.2 | 639 | 9.4% | |
| -0.2 to -0.1 | 639 | 9.4% | |
| -0.1 to 0.0 | 511 | 7.5% | |
| 0.0 to 0.1 | 511 | 7.5% | |
| 0.1 to 0.2 | 357 | 5.2% | |
| 0.2 to 0.3 | 357 | 5.2% | |
| 0.3 to 0.4 | 357 | 5.2% | |
| 0.4 to 0.5 | 357 | 5.2% | |
| 0.5 to 0.6 | 497 | 7.3% | |
| 0.6 to 0.7 | 496 | 7.3% | |
| 0.7 to 0.8 | 200 | 2.9% | |
| 0.8 to 0.9 | 199 | 2.9% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of MCRI?
Monarch Casino & Resort Inc (MCRI) has an average correlation of about 0.042 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MCRI positively correlated with other stocks?
Not predominantly — 49% of pairs are positive and 51% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for MCRI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 44.3% of all pairs.
Explore the full interactive correlation distribution for MCRI.
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