Millennium Group International Holdings Limited Ordinary Shares (MGIH) Correlation Distribution
Across 6,107 rolling correlation observations between Millennium Group International Holdings Limited Ordinary Shares (MGIH) and other NASDAQ-listed stocks, 56.2% are positive and 43.8% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,107
- Mean correlation
- 0.063
- Most common range
- -0.1 to 0.0
- Positive pairs
- 56.2%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 6 | 0.1% | |
| -0.6 to -0.5 | 6 | 0.1% | |
| -0.5 to -0.4 | 148 | 2.4% | |
| -0.4 to -0.3 | 147 | 2.4% | |
| -0.3 to -0.2 | 784 | 12.8% | |
| -0.2 to -0.1 | 783 | 12.8% | |
| -0.1 to 0.0 | 803 | 13.1% | |
| 0.0 to 0.1 | 802 | 13.1% | |
| 0.1 to 0.2 | 644 | 10.5% | |
| 0.2 to 0.3 | 644 | 10.5% | |
| 0.3 to 0.4 | 599 | 9.8% | |
| 0.4 to 0.5 | 599 | 9.8% | |
| 0.5 to 0.6 | 71 | 1.2% | |
| 0.6 to 0.7 | 71 | 1.2% | |
| 0.7 to 0.8 | 0 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MGIH?
Millennium Group International Holdings Limited Ordinary Shares (MGIH) has an average correlation of about 0.063 with other NASDAQ stocks, based on 6,107 pairwise observations.
Is MGIH positively correlated with other stocks?
Mostly yes — 56.2% of pairs are positive and 43.8% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for MGIH?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 73% of all pairs.
Explore the full interactive correlation distribution for MGIH.
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