MakeMyTrip Limited (MMYT) Correlation Distribution
Across 6,809 rolling correlation observations between MakeMyTrip Limited (MMYT) and other NASDAQ-listed stocks, 39.8% are positive and 60.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.049, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 6.2%.
- Total observations
- 6,809
- Mean correlation
- -0.049
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.8%
- Strong positive (≥0.7)
- 15.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 206 | 3.0% | |
| -0.8 to -0.7 | 206 | 3.0% | |
| -0.7 to -0.6 | 572 | 8.4% | |
| -0.6 to -0.5 | 572 | 8.4% | |
| -0.5 to -0.4 | 769 | 11.3% | |
| -0.4 to -0.3 | 768 | 11.3% | |
| -0.3 to -0.2 | 364 | 5.3% | |
| -0.2 to -0.1 | 364 | 5.3% | |
| -0.1 to 0.0 | 263 | 3.9% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 206 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 235 | 3.5% | |
| 0.4 to 0.5 | 234 | 3.4% | |
| 0.5 to 0.6 | 266 | 3.9% | |
| 0.6 to 0.7 | 266 | 3.9% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 387 | 5.7% | |
| 0.9 to 1.0 | 263 | 3.9% |
Frequently asked questions
What is the average correlation of MMYT?
MakeMyTrip Limited (MMYT) has an average correlation of about -0.049 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MMYT positively correlated with other stocks?
Not predominantly — 39.8% of pairs are positive and 60.2% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for MMYT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24.5% of all pairs.
Explore the full interactive correlation distribution for MMYT.
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