Mesa Air Group, Inc. Common Stock (MESA) Correlation Distribution
Across 6,809 rolling correlation observations between Mesa Air Group, Inc. Common Stock (MESA) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.336, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.6% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.336
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 36.6%
- Sector
- Air Transportation, Scheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 288 | 4.2% | |
| -0.4 to -0.3 | 287 | 4.2% | |
| -0.3 to -0.2 | 242 | 3.6% | |
| -0.2 to -0.1 | 242 | 3.6% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 231 | 3.4% | |
| 0.1 to 0.2 | 238 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 307 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 522 | 7.7% | |
| 0.6 to 0.7 | 521 | 7.7% | |
| 0.7 to 0.8 | 1,029 | 15.1% | |
| 0.8 to 0.9 | 1,028 | 15.1% | |
| 0.9 to 1.0 | 438 | 6.4% |
Frequently asked questions
What is the average correlation of MESA?
Mesa Air Group, Inc. Common Stock (MESA) has an average correlation of about 0.336 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MESA positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 36.6%.
What is the most common correlation range for MESA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for MESA.
Open interactive dashboard →