MidCap Financial Investment Corporation Common Stock (MFIC) Correlation Distribution
Across 6,603 rolling correlation observations between MidCap Financial Investment Corporation Common Stock (MFIC) and other NASDAQ-listed stocks, 52.7% are positive and 47.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.042, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.6% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,603
- Mean correlation
- 0.042
- Most common range
- -0.5 to -0.4
- Positive pairs
- 52.7%
- Strong positive (≥0.7)
- 5.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 396 | 6.0% | |
| -0.6 to -0.5 | 396 | 6.0% | |
| -0.5 to -0.4 | 547 | 8.3% | |
| -0.4 to -0.3 | 546 | 8.3% | |
| -0.3 to -0.2 | 401 | 6.1% | |
| -0.2 to -0.1 | 400 | 6.1% | |
| -0.1 to 0.0 | 383 | 5.8% | |
| 0.0 to 0.1 | 383 | 5.8% | |
| 0.1 to 0.2 | 420 | 6.4% | |
| 0.2 to 0.3 | 419 | 6.3% | |
| 0.3 to 0.4 | 504 | 7.6% | |
| 0.4 to 0.5 | 504 | 7.6% | |
| 0.5 to 0.6 | 439 | 6.6% | |
| 0.6 to 0.7 | 439 | 6.6% | |
| 0.7 to 0.8 | 183 | 2.8% | |
| 0.8 to 0.9 | 182 | 2.8% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of MFIC?
MidCap Financial Investment Corporation Common Stock (MFIC) has an average correlation of about 0.042 with other NASDAQ stocks, based on 6,603 pairwise observations.
Is MFIC positively correlated with other stocks?
Mostly yes — 52.7% of pairs are positive and 47.3% are negative. Strong positive correlations (≥0.7) make up 5.6%.
What is the most common correlation range for MFIC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.4% of all pairs.
Explore the full interactive correlation distribution for MFIC.
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