MITA (MITA) Correlation Distribution
Across 6,386 rolling correlation observations between MITA (MITA) and other NASDAQ-listed stocks, 33.3% are positive and 66.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.188, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 20.6%.
- Total observations
- 6,386
- Mean correlation
- -0.188
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33.3%
- Strong positive (≥0.7)
- 13.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 105 | 1.6% | |
| -0.9 to -0.8 | 606 | 9.5% | |
| -0.8 to -0.7 | 606 | 9.5% | |
| -0.7 to -0.6 | 748 | 11.7% | |
| -0.6 to -0.5 | 747 | 11.7% | |
| -0.5 to -0.4 | 402 | 6.3% | |
| -0.4 to -0.3 | 402 | 6.3% | |
| -0.3 to -0.2 | 233 | 3.6% | |
| -0.2 to -0.1 | 232 | 3.6% | |
| -0.1 to 0.0 | 176 | 2.8% | |
| 0.0 to 0.1 | 176 | 2.8% | |
| 0.1 to 0.2 | 166 | 2.6% | |
| 0.2 to 0.3 | 165 | 2.6% | |
| 0.3 to 0.4 | 171 | 2.7% | |
| 0.4 to 0.5 | 170 | 2.7% | |
| 0.5 to 0.6 | 214 | 3.4% | |
| 0.6 to 0.7 | 213 | 3.3% | |
| 0.7 to 0.8 | 298 | 4.7% | |
| 0.8 to 0.9 | 297 | 4.7% | |
| 0.9 to 1.0 | 259 | 4.1% |
Frequently asked questions
What is the average correlation of MITA?
MITA (MITA) has an average correlation of about -0.188 with other NASDAQ stocks, based on 6,386 pairwise observations.
Is MITA positively correlated with other stocks?
Not predominantly — 33.3% of pairs are positive and 66.7% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for MITA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for MITA.
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