Monogram Technologies Inc. Common Stock (MGRM) Correlation Distribution
Across 6,022 rolling correlation observations between Monogram Technologies Inc. Common Stock (MGRM) and other NASDAQ-listed stocks, 47.7% are positive and 52.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.021, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,022
- Mean correlation
- 0.021
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47.7%
- Strong positive (≥0.7)
- 4.2%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 326 | 5.4% | |
| -0.6 to -0.5 | 326 | 5.4% | |
| -0.5 to -0.4 | 619 | 10.3% | |
| -0.4 to -0.3 | 619 | 10.3% | |
| -0.3 to -0.2 | 473 | 7.9% | |
| -0.2 to -0.1 | 473 | 7.9% | |
| -0.1 to 0.0 | 300 | 5.0% | |
| 0.0 to 0.1 | 300 | 5.0% | |
| 0.1 to 0.2 | 296 | 4.9% | |
| 0.2 to 0.3 | 295 | 4.9% | |
| 0.3 to 0.4 | 364 | 6.0% | |
| 0.4 to 0.5 | 364 | 6.0% | |
| 0.5 to 0.6 | 502 | 8.3% | |
| 0.6 to 0.7 | 502 | 8.3% | |
| 0.7 to 0.8 | 126 | 2.1% | |
| 0.8 to 0.9 | 125 | 2.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MGRM?
Monogram Technologies Inc. Common Stock (MGRM) has an average correlation of about 0.021 with other NASDAQ stocks, based on 6,022 pairwise observations.
Is MGRM positively correlated with other stocks?
Not predominantly — 47.7% of pairs are positive and 52.3% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for MGRM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.5% of all pairs.
Explore the full interactive correlation distribution for MGRM.
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