MDWT (MDWT) Correlation Distribution
Across 6,417 rolling correlation observations between MDWT (MDWT) and other NASDAQ-listed stocks, 68.4% are positive and 31.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.243, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.7% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,417
- Mean correlation
- 0.243
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.4%
- Strong positive (≥0.7)
- 21.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 126 | 2.0% | |
| -0.8 to -0.7 | 126 | 2.0% | |
| -0.7 to -0.6 | 206 | 3.2% | |
| -0.6 to -0.5 | 206 | 3.2% | |
| -0.5 to -0.4 | 259 | 4.0% | |
| -0.4 to -0.3 | 258 | 4.0% | |
| -0.3 to -0.2 | 267 | 4.2% | |
| -0.2 to -0.1 | 267 | 4.2% | |
| -0.1 to 0.0 | 311 | 4.8% | |
| 0.0 to 0.1 | 310 | 4.8% | |
| 0.1 to 0.2 | 316 | 4.9% | |
| 0.2 to 0.3 | 315 | 4.9% | |
| 0.3 to 0.4 | 379 | 5.9% | |
| 0.4 to 0.5 | 378 | 5.9% | |
| 0.5 to 0.6 | 649 | 10.1% | |
| 0.6 to 0.7 | 649 | 10.1% | |
| 0.7 to 0.8 | 677 | 10.6% | |
| 0.8 to 0.9 | 676 | 10.5% | |
| 0.9 to 1.0 | 38 | 0.6% |
Frequently asked questions
What is the average correlation of MDWT?
MDWT (MDWT) has an average correlation of about 0.243 with other NASDAQ stocks, based on 6,417 pairwise observations.
Is MDWT positively correlated with other stocks?
Mostly yes — 68.4% of pairs are positive and 31.6% are negative. Strong positive correlations (≥0.7) make up 21.7%.
What is the most common correlation range for MDWT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for MDWT.
Open interactive dashboard →