Merit Medical Systems Inc (MMSI) Correlation Distribution
Across 6,809 rolling correlation observations between Merit Medical Systems Inc (MMSI) and other NASDAQ-listed stocks, 40.6% are positive and 59.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.9% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,809
- Mean correlation
- -0.055
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.6%
- Strong positive (≥0.7)
- 14.9%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 161 | 2.4% | |
| -0.8 to -0.7 | 161 | 2.4% | |
| -0.7 to -0.6 | 783 | 11.5% | |
| -0.6 to -0.5 | 783 | 11.5% | |
| -0.5 to -0.4 | 633 | 9.3% | |
| -0.4 to -0.3 | 633 | 9.3% | |
| -0.3 to -0.2 | 325 | 4.8% | |
| -0.2 to -0.1 | 325 | 4.8% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 232 | 3.4% | |
| 0.4 to 0.5 | 231 | 3.4% | |
| 0.5 to 0.6 | 301 | 4.4% | |
| 0.6 to 0.7 | 301 | 4.4% | |
| 0.7 to 0.8 | 463 | 6.8% | |
| 0.8 to 0.9 | 462 | 6.8% | |
| 0.9 to 1.0 | 92 | 1.4% |
Frequently asked questions
What is the average correlation of MMSI?
Merit Medical Systems Inc (MMSI) has an average correlation of about -0.055 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MMSI positively correlated with other stocks?
Not predominantly — 40.6% of pairs are positive and 59.4% are negative. Strong positive correlations (≥0.7) make up 14.9%.
What is the most common correlation range for MMSI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for MMSI.
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