MICS (MICS) Correlation Distribution
Across 6,625 rolling correlation observations between MICS (MICS) and other NASDAQ-listed stocks, 59.7% are positive and 40.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.145, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.9% and strong negative correlations (≤−0.7) for 10.1%.
- Total observations
- 6,625
- Mean correlation
- 0.145
- Most common range
- 0.7 to 0.8
- Positive pairs
- 59.7%
- Strong positive (≥0.7)
- 24.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.2% | |
| -0.9 to -0.8 | 330 | 5.0% | |
| -0.8 to -0.7 | 330 | 5.0% | |
| -0.7 to -0.6 | 366 | 5.5% | |
| -0.6 to -0.5 | 365 | 5.5% | |
| -0.5 to -0.4 | 279 | 4.2% | |
| -0.4 to -0.3 | 279 | 4.2% | |
| -0.3 to -0.2 | 234 | 3.5% | |
| -0.2 to -0.1 | 234 | 3.5% | |
| -0.1 to 0.0 | 243 | 3.7% | |
| 0.0 to 0.1 | 243 | 3.7% | |
| 0.1 to 0.2 | 254 | 3.8% | |
| 0.2 to 0.3 | 253 | 3.8% | |
| 0.3 to 0.4 | 313 | 4.7% | |
| 0.4 to 0.5 | 313 | 4.7% | |
| 0.5 to 0.6 | 464 | 7.0% | |
| 0.6 to 0.7 | 463 | 7.0% | |
| 0.7 to 0.8 | 744 | 11.2% | |
| 0.8 to 0.9 | 743 | 11.2% | |
| 0.9 to 1.0 | 165 | 2.5% |
Frequently asked questions
What is the average correlation of MICS?
MICS (MICS) has an average correlation of about 0.145 with other NASDAQ stocks, based on 6,625 pairwise observations.
Is MICS positively correlated with other stocks?
Mostly yes — 59.7% of pairs are positive and 40.3% are negative. Strong positive correlations (≥0.7) make up 24.9%.
What is the most common correlation range for MICS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.1% of all pairs.
Explore the full interactive correlation distribution for MICS.
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