Medpace Holdings, Inc. Common Stock (MEDP) Correlation Distribution
Across 6,809 rolling correlation observations between Medpace Holdings, Inc. Common Stock (MEDP) and other NASDAQ-listed stocks, 38.6% are positive and 61.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.089, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,809
- Mean correlation
- -0.089
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.6%
- Strong positive (≥0.7)
- 14.7%
- Sector
- Services-Commercial Physical & Biological Research
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 278 | 4.1% | |
| -0.8 to -0.7 | 277 | 4.1% | |
| -0.7 to -0.6 | 810 | 11.9% | |
| -0.6 to -0.5 | 810 | 11.9% | |
| -0.5 to -0.4 | 585 | 8.6% | |
| -0.4 to -0.3 | 584 | 8.6% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 215 | 3.2% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 220 | 3.2% | |
| 0.4 to 0.5 | 220 | 3.2% | |
| 0.5 to 0.6 | 268 | 3.9% | |
| 0.6 to 0.7 | 268 | 3.9% | |
| 0.7 to 0.8 | 433 | 6.4% | |
| 0.8 to 0.9 | 432 | 6.3% | |
| 0.9 to 1.0 | 135 | 2.0% |
Frequently asked questions
What is the average correlation of MEDP?
Medpace Holdings, Inc. Common Stock (MEDP) has an average correlation of about -0.089 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MEDP positively correlated with other stocks?
Not predominantly — 38.6% of pairs are positive and 61.4% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for MEDP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.8% of all pairs.
Explore the full interactive correlation distribution for MEDP.
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