MMP (MMP) Correlation Distribution
Across 6,290 rolling correlation observations between MMP (MMP) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.114, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 7.4%.
- Total observations
- 6,290
- Mean correlation
- -0.114
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 11.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 232 | 3.7% | |
| -0.8 to -0.7 | 231 | 3.7% | |
| -0.7 to -0.6 | 831 | 13.2% | |
| -0.6 to -0.5 | 830 | 13.2% | |
| -0.5 to -0.4 | 489 | 7.8% | |
| -0.4 to -0.3 | 489 | 7.8% | |
| -0.3 to -0.2 | 294 | 4.7% | |
| -0.2 to -0.1 | 293 | 4.7% | |
| -0.1 to 0.0 | 253 | 4.0% | |
| 0.0 to 0.1 | 253 | 4.0% | |
| 0.1 to 0.2 | 206 | 3.3% | |
| 0.2 to 0.3 | 205 | 3.3% | |
| 0.3 to 0.4 | 235 | 3.7% | |
| 0.4 to 0.5 | 234 | 3.7% | |
| 0.5 to 0.6 | 233 | 3.7% | |
| 0.6 to 0.7 | 232 | 3.7% | |
| 0.7 to 0.8 | 330 | 5.2% | |
| 0.8 to 0.9 | 330 | 5.2% | |
| 0.9 to 1.0 | 89 | 1.4% |
Frequently asked questions
What is the average correlation of MMP?
MMP (MMP) has an average correlation of about -0.114 with other NASDAQ stocks, based on 6,290 pairwise observations.
Is MMP positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for MMP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for MMP.
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