MNP (MNP) Correlation Distribution
Across 6,332 rolling correlation observations between MNP (MNP) and other NASDAQ-listed stocks, 75.1% are positive and 24.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.374, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.3% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,332
- Mean correlation
- 0.374
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.1%
- Strong positive (≥0.7)
- 40.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 129 | 2.0% | |
| -0.8 to -0.7 | 129 | 2.0% | |
| -0.7 to -0.6 | 227 | 3.6% | |
| -0.6 to -0.5 | 226 | 3.6% | |
| -0.5 to -0.4 | 170 | 2.7% | |
| -0.4 to -0.3 | 170 | 2.7% | |
| -0.3 to -0.2 | 164 | 2.6% | |
| -0.2 to -0.1 | 163 | 2.6% | |
| -0.1 to 0.0 | 193 | 3.0% | |
| 0.0 to 0.1 | 192 | 3.0% | |
| 0.1 to 0.2 | 216 | 3.4% | |
| 0.2 to 0.3 | 215 | 3.4% | |
| 0.3 to 0.4 | 297 | 4.7% | |
| 0.4 to 0.5 | 296 | 4.7% | |
| 0.5 to 0.6 | 495 | 7.8% | |
| 0.6 to 0.7 | 495 | 7.8% | |
| 0.7 to 0.8 | 941 | 14.9% | |
| 0.8 to 0.9 | 940 | 14.8% | |
| 0.9 to 1.0 | 668 | 10.5% |
Frequently asked questions
What is the average correlation of MNP?
MNP (MNP) has an average correlation of about 0.374 with other NASDAQ stocks, based on 6,332 pairwise observations.
Is MNP positively correlated with other stocks?
Mostly yes — 75.1% of pairs are positive and 24.9% are negative. Strong positive correlations (≥0.7) make up 40.3%.
What is the most common correlation range for MNP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for MNP.
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