Mercer International Inc (MERC) Correlation Distribution
Across 6,809 rolling correlation observations between Mercer International Inc (MERC) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.152, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.7% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.152
- Most common range
- 0.3 to 0.4
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 6.7%
- Sector
- Pulp Mills
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 107 | 1.6% | |
| -0.7 to -0.6 | 299 | 4.4% | |
| -0.6 to -0.5 | 298 | 4.4% | |
| -0.5 to -0.4 | 278 | 4.1% | |
| -0.4 to -0.3 | 278 | 4.1% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 339 | 5.0% | |
| 0.0 to 0.1 | 338 | 5.0% | |
| 0.1 to 0.2 | 524 | 7.7% | |
| 0.2 to 0.3 | 523 | 7.7% | |
| 0.3 to 0.4 | 771 | 11.3% | |
| 0.4 to 0.5 | 770 | 11.3% | |
| 0.5 to 0.6 | 589 | 8.7% | |
| 0.6 to 0.7 | 589 | 8.7% | |
| 0.7 to 0.8 | 227 | 3.3% | |
| 0.8 to 0.9 | 227 | 3.3% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of MERC?
Mercer International Inc (MERC) has an average correlation of about 0.152 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MERC positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 6.7%.
What is the most common correlation range for MERC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 33.2% of all pairs.
Explore the full interactive correlation distribution for MERC.
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