MAIDEN HOLDINGS NORTH AMERICA, LTD (MHNC) Correlation Distribution
Across 6,799 rolling correlation observations between MAIDEN HOLDINGS NORTH AMERICA, LTD (MHNC) and other NASDAQ-listed stocks, 68.4% are positive and 31.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.294, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,799
- Mean correlation
- 0.294
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.4%
- Strong positive (≥0.7)
- 35%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 93 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 314 | 4.6% | |
| -0.6 to -0.5 | 314 | 4.6% | |
| -0.5 to -0.4 | 281 | 4.1% | |
| -0.4 to -0.3 | 281 | 4.1% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 263 | 3.9% | |
| -0.1 to 0.0 | 245 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 270 | 4.0% | |
| 0.2 to 0.3 | 270 | 4.0% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 296 | 4.4% | |
| 0.5 to 0.6 | 446 | 6.6% | |
| 0.6 to 0.7 | 446 | 6.6% | |
| 0.7 to 0.8 | 958 | 14.1% | |
| 0.8 to 0.9 | 957 | 14.1% | |
| 0.9 to 1.0 | 466 | 6.9% |
Frequently asked questions
What is the average correlation of MHNC?
MAIDEN HOLDINGS NORTH AMERICA, LTD (MHNC) has an average correlation of about 0.294 with other NASDAQ stocks, based on 6,799 pairwise observations.
Is MHNC positively correlated with other stocks?
Mostly yes — 68.4% of pairs are positive and 31.6% are negative. Strong positive correlations (≥0.7) make up 35%.
What is the most common correlation range for MHNC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for MHNC.
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