Magic Empire Global Limited Class A Ordinary Shares (MEGL) Correlation Distribution
Across 6,611 rolling correlation observations between Magic Empire Global Limited Class A Ordinary Shares (MEGL) and other NASDAQ-listed stocks, 60.6% are positive and 39.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.095, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,611
- Mean correlation
- 0.095
- Most common range
- 0.1 to 0.2
- Positive pairs
- 60.6%
- Strong positive (≥0.7)
- 2.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 28 | 0.4% | |
| -0.6 to -0.5 | 28 | 0.4% | |
| -0.5 to -0.4 | 35 | 0.5% | |
| -0.4 to -0.3 | 34 | 0.5% | |
| -0.3 to -0.2 | 874 | 13.2% | |
| -0.2 to -0.1 | 873 | 13.2% | |
| -0.1 to 0.0 | 689 | 10.4% | |
| 0.0 to 0.1 | 688 | 10.4% | |
| 0.1 to 0.2 | 886 | 13.4% | |
| 0.2 to 0.3 | 885 | 13.4% | |
| 0.3 to 0.4 | 611 | 9.2% | |
| 0.4 to 0.5 | 610 | 9.2% | |
| 0.5 to 0.6 | 86 | 1.3% | |
| 0.6 to 0.7 | 85 | 1.3% | |
| 0.7 to 0.8 | 72 | 1.1% | |
| 0.8 to 0.9 | 72 | 1.1% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of MEGL?
Magic Empire Global Limited Class A Ordinary Shares (MEGL) has an average correlation of about 0.095 with other NASDAQ stocks, based on 6,611 pairwise observations.
Is MEGL positively correlated with other stocks?
Mostly yes — 60.6% of pairs are positive and 39.4% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for MEGL?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 74% of all pairs.
Explore the full interactive correlation distribution for MEGL.
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