MFD (MFD) Correlation Distribution
Across 6,771 rolling correlation observations between MFD (MFD) and other NASDAQ-listed stocks, 75% are positive and 25% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20.7% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,771
- Mean correlation
- 0.309
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75%
- Strong positive (≥0.7)
- 20.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 90 | 1.3% | |
| -0.8 to -0.7 | 89 | 1.3% | |
| -0.7 to -0.6 | 136 | 2.0% | |
| -0.6 to -0.5 | 136 | 2.0% | |
| -0.5 to -0.4 | 247 | 3.6% | |
| -0.4 to -0.3 | 246 | 3.6% | |
| -0.3 to -0.2 | 245 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 257 | 3.8% | |
| 0.0 to 0.1 | 257 | 3.8% | |
| 0.1 to 0.2 | 340 | 5.0% | |
| 0.2 to 0.3 | 340 | 5.0% | |
| 0.3 to 0.4 | 537 | 7.9% | |
| 0.4 to 0.5 | 537 | 7.9% | |
| 0.5 to 0.6 | 835 | 12.3% | |
| 0.6 to 0.7 | 835 | 12.3% | |
| 0.7 to 0.8 | 680 | 10.0% | |
| 0.8 to 0.9 | 679 | 10.0% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of MFD?
MFD (MFD) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,771 pairwise observations.
Is MFD positively correlated with other stocks?
Mostly yes — 75% of pairs are positive and 25% are negative. Strong positive correlations (≥0.7) make up 20.7%.
What is the most common correlation range for MFD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for MFD.
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