Ramaco Resources, Inc. 9.00% Senior Notes due 2026 (METCL) Correlation Distribution
Across 6,786 rolling correlation observations between Ramaco Resources, Inc. 9.00% Senior Notes due 2026 (METCL) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.245, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,786
- Mean correlation
- 0.245
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 16.1%
- 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 | 75 | 1.1% | |
| -0.8 to -0.7 | 75 | 1.1% | |
| -0.7 to -0.6 | 281 | 4.1% | |
| -0.6 to -0.5 | 281 | 4.1% | |
| -0.5 to -0.4 | 288 | 4.2% | |
| -0.4 to -0.3 | 287 | 4.2% | |
| -0.3 to -0.2 | 259 | 3.8% | |
| -0.2 to -0.1 | 259 | 3.8% | |
| -0.1 to 0.0 | 278 | 4.1% | |
| 0.0 to 0.1 | 278 | 4.1% | |
| 0.1 to 0.2 | 293 | 4.3% | |
| 0.2 to 0.3 | 293 | 4.3% | |
| 0.3 to 0.4 | 465 | 6.9% | |
| 0.4 to 0.5 | 464 | 6.8% | |
| 0.5 to 0.6 | 910 | 13.4% | |
| 0.6 to 0.7 | 909 | 13.4% | |
| 0.7 to 0.8 | 546 | 8.0% | |
| 0.8 to 0.9 | 545 | 8.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of METCL?
Ramaco Resources, Inc. 9.00% Senior Notes due 2026 (METCL) has an average correlation of about 0.245 with other NASDAQ stocks, based on 6,786 pairwise observations.
Is METCL positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for METCL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.5% of all pairs.
Explore the full interactive correlation distribution for METCL.
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