METX (METX) Correlation Distribution
Across 6,299 rolling correlation observations between METX (METX) and other NASDAQ-listed stocks, 42.4% are positive and 57.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.096, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,299
- Mean correlation
- -0.096
- Most common range
- -0.1 to 0.0
- Positive pairs
- 42.4%
- Strong positive (≥0.7)
- 2.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 214 | 3.4% | |
| -0.8 to -0.7 | 213 | 3.4% | |
| -0.7 to -0.6 | 492 | 7.8% | |
| -0.6 to -0.5 | 492 | 7.8% | |
| -0.5 to -0.4 | 367 | 5.8% | |
| -0.4 to -0.3 | 366 | 5.8% | |
| -0.3 to -0.2 | 442 | 7.0% | |
| -0.2 to -0.1 | 441 | 7.0% | |
| -0.1 to 0.0 | 598 | 9.5% | |
| 0.0 to 0.1 | 597 | 9.5% | |
| 0.1 to 0.2 | 442 | 7.0% | |
| 0.2 to 0.3 | 441 | 7.0% | |
| 0.3 to 0.4 | 306 | 4.9% | |
| 0.4 to 0.5 | 306 | 4.9% | |
| 0.5 to 0.6 | 210 | 3.3% | |
| 0.6 to 0.7 | 209 | 3.3% | |
| 0.7 to 0.8 | 74 | 1.2% | |
| 0.8 to 0.9 | 73 | 1.2% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of METX?
METX (METX) has an average correlation of about -0.096 with other NASDAQ stocks, based on 6,299 pairwise observations.
Is METX positively correlated with other stocks?
Not predominantly — 42.4% of pairs are positive and 57.6% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for METX?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 47% of all pairs.
Explore the full interactive correlation distribution for METX.
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