Montauk Renewables, Inc. Common Stock (MNTK) Correlation Distribution
Across 6,808 rolling correlation observations between Montauk Renewables, Inc. Common Stock (MNTK) and other NASDAQ-listed stocks, 60.6% are positive and 39.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 9.3%.
- Total observations
- 6,808
- Mean correlation
- 0.051
- Most common range
- 0.3 to 0.4
- Positive pairs
- 60.6%
- Strong positive (≥0.7)
- 4.3%
- Sector
- Gas & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 317 | 4.7% | |
| -0.8 to -0.7 | 317 | 4.7% | |
| -0.7 to -0.6 | 314 | 4.6% | |
| -0.6 to -0.5 | 314 | 4.6% | |
| -0.5 to -0.4 | 264 | 3.9% | |
| -0.4 to -0.3 | 264 | 3.9% | |
| -0.3 to -0.2 | 266 | 3.9% | |
| -0.2 to -0.1 | 266 | 3.9% | |
| -0.1 to 0.0 | 363 | 5.3% | |
| 0.0 to 0.1 | 363 | 5.3% | |
| 0.1 to 0.2 | 609 | 8.9% | |
| 0.2 to 0.3 | 609 | 8.9% | |
| 0.3 to 0.4 | 702 | 10.3% | |
| 0.4 to 0.5 | 702 | 10.3% | |
| 0.5 to 0.6 | 421 | 6.2% | |
| 0.6 to 0.7 | 421 | 6.2% | |
| 0.7 to 0.8 | 147 | 2.2% | |
| 0.8 to 0.9 | 147 | 2.2% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of MNTK?
Montauk Renewables, Inc. Common Stock (MNTK) has an average correlation of about 0.051 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MNTK positively correlated with other stocks?
Mostly yes — 60.6% of pairs are positive and 39.4% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for MNTK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.4% of all pairs.
Explore the full interactive correlation distribution for MNTK.
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