The Marygold Companies, Inc. (MGLD) Correlation Distribution
Across 6,720 rolling correlation observations between The Marygold Companies, Inc. (MGLD) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.147, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,720
- Mean correlation
- 0.147
- Most common range
- 0.3 to 0.4
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 0.1%
- Sector
- Finance Services
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 | 18 | 0.3% | |
| -0.6 to -0.5 | 18 | 0.3% | |
| -0.5 to -0.4 | 347 | 5.2% | |
| -0.4 to -0.3 | 346 | 5.1% | |
| -0.3 to -0.2 | 545 | 8.1% | |
| -0.2 to -0.1 | 544 | 8.1% | |
| -0.1 to 0.0 | 441 | 6.6% | |
| 0.0 to 0.1 | 441 | 6.6% | |
| 0.1 to 0.2 | 572 | 8.5% | |
| 0.2 to 0.3 | 572 | 8.5% | |
| 0.3 to 0.4 | 1,134 | 16.9% | |
| 0.4 to 0.5 | 1,134 | 16.9% | |
| 0.5 to 0.6 | 302 | 4.5% | |
| 0.6 to 0.7 | 301 | 4.5% | |
| 0.7 to 0.8 | 3 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MGLD?
The Marygold Companies, Inc. (MGLD) has an average correlation of about 0.147 with other NASDAQ stocks, based on 6,720 pairwise observations.
Is MGLD positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for MGLD?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.4% of all pairs.
Explore the full interactive correlation distribution for MGLD.
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