Medifast, Inc. (MED) Correlation Distribution
Across 6,809 rolling correlation observations between Medifast, Inc. (MED) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.262, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.1% and strong negative correlations (≤−0.7) for 11.1%.
- Total observations
- 6,809
- Mean correlation
- 0.262
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 37.1%
- Sector
- Miscellaneous Food Preparations & Kindred Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 100 | 1.5% | |
| -0.9 to -0.8 | 329 | 4.8% | |
| -0.8 to -0.7 | 329 | 4.8% | |
| -0.7 to -0.6 | 258 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 193 | 2.8% | |
| -0.4 to -0.3 | 192 | 2.8% | |
| -0.3 to -0.2 | 178 | 2.6% | |
| -0.2 to -0.1 | 178 | 2.6% | |
| -0.1 to 0.0 | 188 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 258 | 3.8% | |
| 0.4 to 0.5 | 257 | 3.8% | |
| 0.5 to 0.6 | 488 | 7.2% | |
| 0.6 to 0.7 | 487 | 7.2% | |
| 0.7 to 0.8 | 1,096 | 16.1% | |
| 0.8 to 0.9 | 1,096 | 16.1% | |
| 0.9 to 1.0 | 335 | 4.9% |
Frequently asked questions
What is the average correlation of MED?
Medifast, Inc. (MED) has an average correlation of about 0.262 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MED positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 37.1%.
What is the most common correlation range for MED?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for MED.
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