Mueller Industries, Inc. (MLI) Correlation Distribution
Across 6,809 rolling correlation observations between Mueller Industries, Inc. (MLI) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.112, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.1% and strong negative correlations (≤−0.7) for 14.6%.
- Total observations
- 6,809
- Mean correlation
- -0.112
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 17.1%
- Sector
- Rolling Drawing & Extruding Of Nonferrous Metals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 28 | 0.4% | |
| -0.9 to -0.8 | 482 | 7.1% | |
| -0.8 to -0.7 | 482 | 7.1% | |
| -0.7 to -0.6 | 861 | 12.6% | |
| -0.6 to -0.5 | 861 | 12.6% | |
| -0.5 to -0.4 | 411 | 6.0% | |
| -0.4 to -0.3 | 411 | 6.0% | |
| -0.3 to -0.2 | 241 | 3.5% | |
| -0.2 to -0.1 | 240 | 3.5% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 182 | 2.7% | |
| 0.2 to 0.3 | 182 | 2.7% | |
| 0.3 to 0.4 | 190 | 2.8% | |
| 0.4 to 0.5 | 190 | 2.8% | |
| 0.5 to 0.6 | 235 | 3.5% | |
| 0.6 to 0.7 | 235 | 3.5% | |
| 0.7 to 0.8 | 389 | 5.7% | |
| 0.8 to 0.9 | 388 | 5.7% | |
| 0.9 to 1.0 | 385 | 5.7% |
Frequently asked questions
What is the average correlation of MLI?
Mueller Industries, Inc. (MLI) has an average correlation of about -0.112 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MLI positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 17.1%.
What is the most common correlation range for MLI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for MLI.
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