monday.com Ltd. Ordinary Shares (MNDY) Correlation Distribution
Across 6,806 rolling correlation observations between monday.com Ltd. Ordinary Shares (MNDY) and other NASDAQ-listed stocks, 74.2% are positive and 25.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.227, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.3% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,806
- Mean correlation
- 0.227
- Most common range
- 0.3 to 0.4
- Positive pairs
- 74.2%
- Strong positive (≥0.7)
- 8.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 77 | 1.1% | |
| -0.8 to -0.7 | 77 | 1.1% | |
| -0.7 to -0.6 | 143 | 2.1% | |
| -0.6 to -0.5 | 143 | 2.1% | |
| -0.5 to -0.4 | 180 | 2.6% | |
| -0.4 to -0.3 | 180 | 2.6% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 396 | 5.8% | |
| 0.0 to 0.1 | 396 | 5.8% | |
| 0.1 to 0.2 | 581 | 8.5% | |
| 0.2 to 0.3 | 581 | 8.5% | |
| 0.3 to 0.4 | 862 | 12.7% | |
| 0.4 to 0.5 | 861 | 12.7% | |
| 0.5 to 0.6 | 603 | 8.9% | |
| 0.6 to 0.7 | 603 | 8.9% | |
| 0.7 to 0.8 | 270 | 4.0% | |
| 0.8 to 0.9 | 270 | 4.0% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of MNDY?
monday.com Ltd. Ordinary Shares (MNDY) has an average correlation of about 0.227 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is MNDY positively correlated with other stocks?
Mostly yes — 74.2% of pairs are positive and 25.8% are negative. Strong positive correlations (≥0.7) make up 8.3%.
What is the most common correlation range for MNDY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.9% of all pairs.
Explore the full interactive correlation distribution for MNDY.
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