MeridianLink, Inc. (MLNK) Correlation Distribution
Across 6,804 rolling correlation observations between MeridianLink, Inc. (MLNK) and other NASDAQ-listed stocks, 76.8% are positive and 23.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.218, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,804
- Mean correlation
- 0.218
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.8%
- Strong positive (≥0.7)
- 1.9%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 43 | 0.6% | |
| -0.6 to -0.5 | 43 | 0.6% | |
| -0.5 to -0.4 | 168 | 2.5% | |
| -0.4 to -0.3 | 168 | 2.5% | |
| -0.3 to -0.2 | 308 | 4.5% | |
| -0.2 to -0.1 | 308 | 4.5% | |
| -0.1 to 0.0 | 538 | 7.9% | |
| 0.0 to 0.1 | 537 | 7.9% | |
| 0.1 to 0.2 | 831 | 12.2% | |
| 0.2 to 0.3 | 831 | 12.2% | |
| 0.3 to 0.4 | 943 | 13.9% | |
| 0.4 to 0.5 | 942 | 13.8% | |
| 0.5 to 0.6 | 505 | 7.4% | |
| 0.6 to 0.7 | 505 | 7.4% | |
| 0.7 to 0.8 | 66 | 1.0% | |
| 0.8 to 0.9 | 65 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MLNK?
MeridianLink, Inc. (MLNK) has an average correlation of about 0.218 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is MLNK positively correlated with other stocks?
Mostly yes — 76.8% of pairs are positive and 23.2% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for MLNK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 49.3% of all pairs.
Explore the full interactive correlation distribution for MLNK.
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