Affiliated Managers Group, Inc. 4.200% Junior Subordinated Notes due 2061 (MGRD) Correlation Distribution
Across 6,803 rolling correlation observations between Affiliated Managers Group, Inc. 4.200% Junior Subordinated Notes due 2061 (MGRD) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.365, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.9% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,803
- Mean correlation
- 0.365
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 37.9%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 25 | 0.4% | |
| -0.8 to -0.7 | 24 | 0.4% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 161 | 2.4% | |
| -0.5 to -0.4 | 294 | 4.3% | |
| -0.4 to -0.3 | 293 | 4.3% | |
| -0.3 to -0.2 | 320 | 4.7% | |
| -0.2 to -0.1 | 320 | 4.7% | |
| -0.1 to 0.0 | 275 | 4.0% | |
| 0.0 to 0.1 | 275 | 4.0% | |
| 0.1 to 0.2 | 278 | 4.1% | |
| 0.2 to 0.3 | 278 | 4.1% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 433 | 6.4% | |
| 0.6 to 0.7 | 433 | 6.4% | |
| 0.7 to 0.8 | 880 | 12.9% | |
| 0.8 to 0.9 | 880 | 12.9% | |
| 0.9 to 1.0 | 821 | 12.1% |
Frequently asked questions
What is the average correlation of MGRD?
Affiliated Managers Group, Inc. 4.200% Junior Subordinated Notes due 2061 (MGRD) has an average correlation of about 0.365 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is MGRD positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 37.9%.
What is the most common correlation range for MGRD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for MGRD.
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