Mizuho Financial Group, Inc. American Depositary Shares (Each representing one-fifth of an Ordinary Share) (MFG) Correlation Distribution
Across 6,809 rolling correlation observations between Mizuho Financial Group, Inc. American Depositary Shares (Each representing one-fifth of an Ordinary Share) (MFG) and other NASDAQ-listed stocks, 40% are positive and 60% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.048, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 6.2%.
- Total observations
- 6,809
- Mean correlation
- -0.048
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40%
- Strong positive (≥0.7)
- 14.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 211 | 3.1% | |
| -0.8 to -0.7 | 211 | 3.1% | |
| -0.7 to -0.6 | 517 | 7.6% | |
| -0.6 to -0.5 | 517 | 7.6% | |
| -0.5 to -0.4 | 775 | 11.4% | |
| -0.4 to -0.3 | 775 | 11.4% | |
| -0.3 to -0.2 | 401 | 5.9% | |
| -0.2 to -0.1 | 401 | 5.9% | |
| -0.1 to 0.0 | 277 | 4.1% | |
| 0.0 to 0.1 | 277 | 4.1% | |
| 0.1 to 0.2 | 236 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 233 | 3.4% | |
| 0.4 to 0.5 | 232 | 3.4% | |
| 0.5 to 0.6 | 259 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 386 | 5.7% | |
| 0.8 to 0.9 | 386 | 5.7% | |
| 0.9 to 1.0 | 219 | 3.2% |
Frequently asked questions
What is the average correlation of MFG?
Mizuho Financial Group, Inc. American Depositary Shares (Each representing one-fifth of an Ordinary Share) (MFG) has an average correlation of about -0.048 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MFG positively correlated with other stocks?
Not predominantly — 40% of pairs are positive and 60% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for MFG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
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