Mercurity Fintech Holding Inc. Ordinary Shares (MFH) Correlation Distribution
Across 6,806 rolling correlation observations between Mercurity Fintech Holding Inc. Ordinary Shares (MFH) and other NASDAQ-listed stocks, 72.2% are positive and 27.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.192, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,806
- Mean correlation
- 0.192
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72.2%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 83 | 1.2% | |
| -0.6 to -0.5 | 83 | 1.2% | |
| -0.5 to -0.4 | 248 | 3.6% | |
| -0.4 to -0.3 | 248 | 3.6% | |
| -0.3 to -0.2 | 343 | 5.0% | |
| -0.2 to -0.1 | 343 | 5.0% | |
| -0.1 to 0.0 | 527 | 7.7% | |
| 0.0 to 0.1 | 526 | 7.7% | |
| 0.1 to 0.2 | 746 | 11.0% | |
| 0.2 to 0.3 | 745 | 10.9% | |
| 0.3 to 0.4 | 888 | 13.0% | |
| 0.4 to 0.5 | 887 | 13.0% | |
| 0.5 to 0.6 | 394 | 5.8% | |
| 0.6 to 0.7 | 394 | 5.8% | |
| 0.7 to 0.8 | 167 | 2.5% | |
| 0.8 to 0.9 | 166 | 2.4% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of MFH?
Mercurity Fintech Holding Inc. Ordinary Shares (MFH) has an average correlation of about 0.192 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is MFH positively correlated with other stocks?
Mostly yes — 72.2% of pairs are positive and 27.8% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for MFH?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 47.5% of all pairs.
Explore the full interactive correlation distribution for MFH.
Open interactive dashboard →