MongoDB, Inc. Class A (MDB) Correlation Distribution
Across 6,809 rolling correlation observations between MongoDB, Inc. Class A (MDB) and other NASDAQ-listed stocks, 74.5% are positive and 25.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.192, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.192
- Most common range
- 0.3 to 0.4
- Positive pairs
- 74.5%
- Strong positive (≥0.7)
- 1%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 24 | 0.4% | |
| -0.6 to -0.5 | 23 | 0.3% | |
| -0.5 to -0.4 | 106 | 1.6% | |
| -0.4 to -0.3 | 105 | 1.5% | |
| -0.3 to -0.2 | 401 | 5.9% | |
| -0.2 to -0.1 | 400 | 5.9% | |
| -0.1 to 0.0 | 669 | 9.8% | |
| 0.0 to 0.1 | 669 | 9.8% | |
| 0.1 to 0.2 | 862 | 12.7% | |
| 0.2 to 0.3 | 861 | 12.6% | |
| 0.3 to 0.4 | 939 | 13.8% | |
| 0.4 to 0.5 | 939 | 13.8% | |
| 0.5 to 0.6 | 367 | 5.4% | |
| 0.6 to 0.7 | 367 | 5.4% | |
| 0.7 to 0.8 | 33 | 0.5% | |
| 0.8 to 0.9 | 33 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MDB?
MongoDB, Inc. Class A (MDB) has an average correlation of about 0.192 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MDB positively correlated with other stocks?
Mostly yes — 74.5% of pairs are positive and 25.5% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for MDB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 56.7% of all pairs.
Explore the full interactive correlation distribution for MDB.
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