Monro, Inc. Common Stock (MNRO) Correlation Distribution
Across 6,809 rolling correlation observations between Monro, Inc. Common Stock (MNRO) and other NASDAQ-listed stocks, 67.5% are positive and 32.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.234, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.7% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,809
- Mean correlation
- 0.234
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.5%
- Strong positive (≥0.7)
- 27.7%
- Sector
- Services-Automotive Repair, Services & Parking
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 321 | 4.7% | |
| -0.8 to -0.7 | 320 | 4.7% | |
| -0.7 to -0.6 | 288 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 210 | 3.1% | |
| -0.4 to -0.3 | 210 | 3.1% | |
| -0.3 to -0.2 | 185 | 2.7% | |
| -0.2 to -0.1 | 184 | 2.7% | |
| -0.1 to 0.0 | 196 | 2.9% | |
| 0.0 to 0.1 | 195 | 2.9% | |
| 0.1 to 0.2 | 236 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 694 | 10.2% | |
| 0.6 to 0.7 | 693 | 10.2% | |
| 0.7 to 0.8 | 911 | 13.4% | |
| 0.8 to 0.9 | 910 | 13.4% | |
| 0.9 to 1.0 | 68 | 1.0% |
Frequently asked questions
What is the average correlation of MNRO?
Monro, Inc. Common Stock (MNRO) has an average correlation of about 0.234 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MNRO positively correlated with other stocks?
Mostly yes — 67.5% of pairs are positive and 32.5% are negative. Strong positive correlations (≥0.7) make up 27.7%.
What is the most common correlation range for MNRO?
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 MNRO.
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