MDxHealth SA Ordinary Shares (MDXH) Correlation Distribution
Across 6,788 rolling correlation observations between MDxHealth SA Ordinary Shares (MDXH) and other NASDAQ-listed stocks, 65.2% are positive and 34.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.21, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.1% and strong negative correlations (≤−0.7) for 12.5%.
- Total observations
- 6,788
- Mean correlation
- 0.21
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.2%
- Strong positive (≥0.7)
- 30.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 138 | 2.0% | |
| -0.9 to -0.8 | 355 | 5.2% | |
| -0.8 to -0.7 | 355 | 5.2% | |
| -0.7 to -0.6 | 271 | 4.0% | |
| -0.6 to -0.5 | 270 | 4.0% | |
| -0.5 to -0.4 | 223 | 3.3% | |
| -0.4 to -0.3 | 222 | 3.3% | |
| -0.3 to -0.2 | 175 | 2.6% | |
| -0.2 to -0.1 | 174 | 2.6% | |
| -0.1 to 0.0 | 179 | 2.6% | |
| 0.0 to 0.1 | 178 | 2.6% | |
| 0.1 to 0.2 | 236 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 296 | 4.4% | |
| 0.4 to 0.5 | 296 | 4.4% | |
| 0.5 to 0.6 | 571 | 8.4% | |
| 0.6 to 0.7 | 570 | 8.4% | |
| 0.7 to 0.8 | 869 | 12.8% | |
| 0.8 to 0.9 | 868 | 12.8% | |
| 0.9 to 1.0 | 306 | 4.5% |
Frequently asked questions
What is the average correlation of MDXH?
MDxHealth SA Ordinary Shares (MDXH) has an average correlation of about 0.21 with other NASDAQ stocks, based on 6,788 pairwise observations.
Is MDXH positively correlated with other stocks?
Mostly yes — 65.2% of pairs are positive and 34.8% are negative. Strong positive correlations (≥0.7) make up 30.1%.
What is the most common correlation range for MDXH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for MDXH.
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