Mediaco Holding Inc. Class A Common Stock (MDIA) Correlation Distribution
Across 6,806 rolling correlation observations between Mediaco Holding Inc. Class A Common Stock (MDIA) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.255, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,806
- Mean correlation
- 0.255
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 15.9%
- Sector
- Radio Broadcasting Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 158 | 2.3% | |
| -0.6 to -0.5 | 157 | 2.3% | |
| -0.5 to -0.4 | 366 | 5.4% | |
| -0.4 to -0.3 | 366 | 5.4% | |
| -0.3 to -0.2 | 348 | 5.1% | |
| -0.2 to -0.1 | 347 | 5.1% | |
| -0.1 to 0.0 | 317 | 4.7% | |
| 0.0 to 0.1 | 316 | 4.6% | |
| 0.1 to 0.2 | 339 | 5.0% | |
| 0.2 to 0.3 | 339 | 5.0% | |
| 0.3 to 0.4 | 523 | 7.7% | |
| 0.4 to 0.5 | 522 | 7.7% | |
| 0.5 to 0.6 | 797 | 11.7% | |
| 0.6 to 0.7 | 796 | 11.7% | |
| 0.7 to 0.8 | 532 | 7.8% | |
| 0.8 to 0.9 | 532 | 7.8% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of MDIA?
Mediaco Holding Inc. Class A Common Stock (MDIA) has an average correlation of about 0.255 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is MDIA positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for MDIA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.5% of all pairs.
Explore the full interactive correlation distribution for MDIA.
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