MGP Ingredients Inc (MGPI) Correlation Distribution
Across 6,809 rolling correlation observations between MGP Ingredients Inc (MGPI) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 6.6%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.3 to -0.2
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 3%
- Sector
- Wholesale-Beer, Wine & Distilled Alcoholic Beverages
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 218 | 3.2% | |
| -0.8 to -0.7 | 218 | 3.2% | |
| -0.7 to -0.6 | 308 | 4.5% | |
| -0.6 to -0.5 | 307 | 4.5% | |
| -0.5 to -0.4 | 634 | 9.3% | |
| -0.4 to -0.3 | 634 | 9.3% | |
| -0.3 to -0.2 | 659 | 9.7% | |
| -0.2 to -0.1 | 659 | 9.7% | |
| -0.1 to 0.0 | 541 | 7.9% | |
| 0.0 to 0.1 | 541 | 7.9% | |
| 0.1 to 0.2 | 406 | 6.0% | |
| 0.2 to 0.3 | 406 | 6.0% | |
| 0.3 to 0.4 | 302 | 4.4% | |
| 0.4 to 0.5 | 301 | 4.4% | |
| 0.5 to 0.6 | 229 | 3.4% | |
| 0.6 to 0.7 | 228 | 3.3% | |
| 0.7 to 0.8 | 97 | 1.4% | |
| 0.8 to 0.9 | 97 | 1.4% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of MGPI?
MGP Ingredients Inc (MGPI) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MGPI positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for MGPI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 47.2% of all pairs.
Explore the full interactive correlation distribution for MGPI.
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