Marsh & McLennan Companies, Inc. (MMC) Correlation Distribution
Across 6,809 rolling correlation observations between Marsh & McLennan Companies, Inc. (MMC) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.132, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 22.3%.
- Total observations
- 6,809
- Mean correlation
- -0.132
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 38 | 0.6% | |
| -0.9 to -0.8 | 739 | 10.9% | |
| -0.8 to -0.7 | 739 | 10.9% | |
| -0.7 to -0.6 | 647 | 9.5% | |
| -0.6 to -0.5 | 647 | 9.5% | |
| -0.5 to -0.4 | 363 | 5.3% | |
| -0.4 to -0.3 | 363 | 5.3% | |
| -0.3 to -0.2 | 230 | 3.4% | |
| -0.2 to -0.1 | 229 | 3.4% | |
| -0.1 to 0.0 | 198 | 2.9% | |
| 0.0 to 0.1 | 198 | 2.9% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 191 | 2.8% | |
| 0.4 to 0.5 | 190 | 2.8% | |
| 0.5 to 0.6 | 246 | 3.6% | |
| 0.6 to 0.7 | 245 | 3.6% | |
| 0.7 to 0.8 | 432 | 6.3% | |
| 0.8 to 0.9 | 431 | 6.3% | |
| 0.9 to 1.0 | 273 | 4.0% |
Frequently asked questions
What is the average correlation of MMC?
Marsh & McLennan Companies, Inc. (MMC) has an average correlation of about -0.132 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MMC positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for MMC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for MMC.
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