Mcgrath Rentcorp (MGRC) Correlation Distribution
Across 6,809 rolling correlation observations between Mcgrath Rentcorp (MGRC) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 17.8%.
- Total observations
- 6,809
- Mean correlation
- -0.138
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 14.2%
- Sector
- Services-Equipment Rental & Leasing, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 607 | 8.9% | |
| -0.8 to -0.7 | 606 | 8.9% | |
| -0.7 to -0.6 | 792 | 11.6% | |
| -0.6 to -0.5 | 792 | 11.6% | |
| -0.5 to -0.4 | 372 | 5.5% | |
| -0.4 to -0.3 | 372 | 5.5% | |
| -0.3 to -0.2 | 229 | 3.4% | |
| -0.2 to -0.1 | 229 | 3.4% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 207 | 3.0% | |
| 0.4 to 0.5 | 206 | 3.0% | |
| 0.5 to 0.6 | 285 | 4.2% | |
| 0.6 to 0.7 | 285 | 4.2% | |
| 0.7 to 0.8 | 453 | 6.7% | |
| 0.8 to 0.9 | 453 | 6.7% | |
| 0.9 to 1.0 | 61 | 0.9% |
Frequently asked questions
What is the average correlation of MGRC?
Mcgrath Rentcorp (MGRC) has an average correlation of about -0.138 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MGRC positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for MGRC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for MGRC.
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