MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares (MNSO) Correlation Distribution
Across 6,808 rolling correlation observations between MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares (MNSO) and other NASDAQ-listed stocks, 53.8% are positive and 46.2% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.013, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,808
- Mean correlation
- 0.013
- Most common range
- 0.1 to 0.2
- Positive pairs
- 53.8%
- Strong positive (≥0.7)
- 1.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 70 | 1.0% | |
| -0.8 to -0.7 | 69 | 1.0% | |
| -0.7 to -0.6 | 237 | 3.5% | |
| -0.6 to -0.5 | 236 | 3.5% | |
| -0.5 to -0.4 | 399 | 5.9% | |
| -0.4 to -0.3 | 399 | 5.9% | |
| -0.3 to -0.2 | 535 | 7.9% | |
| -0.2 to -0.1 | 534 | 7.8% | |
| -0.1 to 0.0 | 669 | 9.8% | |
| 0.0 to 0.1 | 668 | 9.8% | |
| 0.1 to 0.2 | 759 | 11.1% | |
| 0.2 to 0.3 | 759 | 11.1% | |
| 0.3 to 0.4 | 498 | 7.3% | |
| 0.4 to 0.5 | 498 | 7.3% | |
| 0.5 to 0.6 | 173 | 2.5% | |
| 0.6 to 0.7 | 173 | 2.5% | |
| 0.7 to 0.8 | 59 | 0.9% | |
| 0.8 to 0.9 | 59 | 0.9% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of MNSO?
MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares (MNSO) has an average correlation of about 0.013 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MNSO positively correlated with other stocks?
Mostly yes — 53.8% of pairs are positive and 46.2% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for MNSO?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 57.6% of all pairs.
Explore the full interactive correlation distribution for MNSO.
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