MarketAxess Holdings Inc. (MKTX) Correlation Distribution
Across 6,809 rolling correlation observations between MarketAxess Holdings Inc. (MKTX) and other NASDAQ-listed stocks, 65.1% are positive and 34.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.224, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.4% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,809
- Mean correlation
- 0.224
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.1%
- Strong positive (≥0.7)
- 29.4%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 204 | 3.0% | |
| -0.8 to -0.7 | 203 | 3.0% | |
| -0.7 to -0.6 | 351 | 5.2% | |
| -0.6 to -0.5 | 350 | 5.1% | |
| -0.5 to -0.4 | 268 | 3.9% | |
| -0.4 to -0.3 | 268 | 3.9% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 233 | 3.4% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 329 | 4.8% | |
| 0.4 to 0.5 | 328 | 4.8% | |
| 0.5 to 0.6 | 498 | 7.3% | |
| 0.6 to 0.7 | 497 | 7.3% | |
| 0.7 to 0.8 | 886 | 13.0% | |
| 0.8 to 0.9 | 885 | 13.0% | |
| 0.9 to 1.0 | 229 | 3.4% |
Frequently asked questions
What is the average correlation of MKTX?
MarketAxess Holdings Inc. (MKTX) has an average correlation of about 0.224 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MKTX positively correlated with other stocks?
Mostly yes — 65.1% of pairs are positive and 34.9% are negative. Strong positive correlations (≥0.7) make up 29.4%.
What is the most common correlation range for MKTX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for MKTX.
Open interactive dashboard →