Markel Group Inc. (MKL) Correlation Distribution
Across 6,809 rolling correlation observations between Markel Group Inc. (MKL) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 10.9%.
- Total observations
- 6,809
- Mean correlation
- -0.088
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 370 | 5.4% | |
| -0.8 to -0.7 | 370 | 5.4% | |
| -0.7 to -0.6 | 785 | 11.5% | |
| -0.6 to -0.5 | 785 | 11.5% | |
| -0.5 to -0.4 | 514 | 7.5% | |
| -0.4 to -0.3 | 513 | 7.5% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 271 | 4.0% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 218 | 3.2% | |
| 0.4 to 0.5 | 217 | 3.2% | |
| 0.5 to 0.6 | 290 | 4.3% | |
| 0.6 to 0.7 | 289 | 4.2% | |
| 0.7 to 0.8 | 441 | 6.5% | |
| 0.8 to 0.9 | 440 | 6.5% | |
| 0.9 to 1.0 | 157 | 2.3% |
Frequently asked questions
What is the average correlation of MKL?
Markel Group Inc. (MKL) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MKL positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for MKL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for MKL.
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