MOBILE GLOBAL ESPORTS INC (MGAM) Correlation Distribution
Across 6,615 rolling correlation observations between MOBILE GLOBAL ESPORTS INC (MGAM) and other NASDAQ-listed stocks, 58.9% are positive and 41.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.138, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.3% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,615
- Mean correlation
- 0.138
- Most common range
- 0.5 to 0.6
- Positive pairs
- 58.9%
- Strong positive (≥0.7)
- 12.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 292 | 4.4% | |
| -0.6 to -0.5 | 292 | 4.4% | |
| -0.5 to -0.4 | 518 | 7.8% | |
| -0.4 to -0.3 | 517 | 7.8% | |
| -0.3 to -0.2 | 364 | 5.5% | |
| -0.2 to -0.1 | 364 | 5.5% | |
| -0.1 to 0.0 | 326 | 4.9% | |
| 0.0 to 0.1 | 325 | 4.9% | |
| 0.1 to 0.2 | 343 | 5.2% | |
| 0.2 to 0.3 | 343 | 5.2% | |
| 0.3 to 0.4 | 447 | 6.8% | |
| 0.4 to 0.5 | 446 | 6.7% | |
| 0.5 to 0.6 | 590 | 8.9% | |
| 0.6 to 0.7 | 589 | 8.9% | |
| 0.7 to 0.8 | 399 | 6.0% | |
| 0.8 to 0.9 | 398 | 6.0% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of MGAM?
MOBILE GLOBAL ESPORTS INC (MGAM) has an average correlation of about 0.138 with other NASDAQ stocks, based on 6,615 pairwise observations.
Is MGAM positively correlated with other stocks?
Mostly yes — 58.9% of pairs are positive and 41.1% are negative. Strong positive correlations (≥0.7) make up 12.3%.
What is the most common correlation range for MGAM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.2% of all pairs.
Explore the full interactive correlation distribution for MGAM.
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