3M Company (MMM) Correlation Distribution
Across 6,809 rolling correlation observations between 3M Company (MMM) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.276, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.3% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,809
- Mean correlation
- 0.276
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 17.3%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 82 | 1.2% | |
| -0.8 to -0.7 | 82 | 1.2% | |
| -0.7 to -0.6 | 163 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 226 | 3.3% | |
| -0.4 to -0.3 | 225 | 3.3% | |
| -0.3 to -0.2 | 304 | 4.5% | |
| -0.2 to -0.1 | 303 | 4.4% | |
| -0.1 to 0.0 | 324 | 4.8% | |
| 0.0 to 0.1 | 324 | 4.8% | |
| 0.1 to 0.2 | 378 | 5.6% | |
| 0.2 to 0.3 | 377 | 5.5% | |
| 0.3 to 0.4 | 512 | 7.5% | |
| 0.4 to 0.5 | 512 | 7.5% | |
| 0.5 to 0.6 | 828 | 12.2% | |
| 0.6 to 0.7 | 827 | 12.1% | |
| 0.7 to 0.8 | 546 | 8.0% | |
| 0.8 to 0.9 | 545 | 8.0% | |
| 0.9 to 1.0 | 88 | 1.3% |
Frequently asked questions
What is the average correlation of MMM?
3M Company (MMM) has an average correlation of about 0.276 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MMM positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 17.3%.
What is the most common correlation range for MMM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.5% of all pairs.
Explore the full interactive correlation distribution for MMM.
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