Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060 (MGRB) Correlation Distribution
Across 6,808 rolling correlation observations between Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060 (MGRB) and other NASDAQ-listed stocks, 69.7% are positive and 30.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.6% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,808
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.7%
- Strong positive (≥0.7)
- 36.6%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 102 | 1.5% | |
| -0.8 to -0.7 | 101 | 1.5% | |
| -0.7 to -0.6 | 252 | 3.7% | |
| -0.6 to -0.5 | 251 | 3.7% | |
| -0.5 to -0.4 | 264 | 3.9% | |
| -0.4 to -0.3 | 263 | 3.9% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 267 | 3.9% | |
| 0.0 to 0.1 | 266 | 3.9% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 455 | 6.7% | |
| 0.6 to 0.7 | 454 | 6.7% | |
| 0.7 to 0.8 | 959 | 14.1% | |
| 0.8 to 0.9 | 958 | 14.1% | |
| 0.9 to 1.0 | 578 | 8.5% |
Frequently asked questions
What is the average correlation of MGRB?
Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060 (MGRB) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MGRB positively correlated with other stocks?
Mostly yes — 69.7% of pairs are positive and 30.3% are negative. Strong positive correlations (≥0.7) make up 36.6%.
What is the most common correlation range for MGRB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for MGRB.
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