Ramaco Resources, Inc. Class B Common Stock (METCB) Correlation Distribution
Across 5,964 rolling correlation observations between Ramaco Resources, Inc. Class B Common Stock (METCB) and other NASDAQ-listed stocks, 49.6% are positive and 50.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.008, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.7% and strong negative correlations (≤−0.7) for 9.5%.
- Total observations
- 5,964
- Mean correlation
- -0.008
- Most common range
- -0.7 to -0.6
- Positive pairs
- 49.6%
- Strong positive (≥0.7)
- 8.7%
- Sector
- Bituminous Coal & Lignite Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 283 | 4.7% | |
| -0.8 to -0.7 | 283 | 4.7% | |
| -0.7 to -0.6 | 489 | 8.2% | |
| -0.6 to -0.5 | 489 | 8.2% | |
| -0.5 to -0.4 | 341 | 5.7% | |
| -0.4 to -0.3 | 340 | 5.7% | |
| -0.3 to -0.2 | 274 | 4.6% | |
| -0.2 to -0.1 | 273 | 4.6% | |
| -0.1 to 0.0 | 234 | 3.9% | |
| 0.0 to 0.1 | 234 | 3.9% | |
| 0.1 to 0.2 | 265 | 4.4% | |
| 0.2 to 0.3 | 265 | 4.4% | |
| 0.3 to 0.4 | 377 | 6.3% | |
| 0.4 to 0.5 | 376 | 6.3% | |
| 0.5 to 0.6 | 463 | 7.8% | |
| 0.6 to 0.7 | 462 | 7.7% | |
| 0.7 to 0.8 | 258 | 4.3% | |
| 0.8 to 0.9 | 258 | 4.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of METCB?
Ramaco Resources, Inc. Class B Common Stock (METCB) has an average correlation of about -0.008 with other NASDAQ stocks, based on 5,964 pairwise observations.
Is METCB positively correlated with other stocks?
Not predominantly — 49.6% of pairs are positive and 50.4% are negative. Strong positive correlations (≥0.7) make up 8.7%.
What is the most common correlation range for METCB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.9% of all pairs.
Explore the full interactive correlation distribution for METCB.
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