Modine Manufacturing Co (MOD) Correlation Distribution
Across 6,809 rolling correlation observations between Modine Manufacturing Co (MOD) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.093, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.8% and strong negative correlations (≤−0.7) for 9%.
- Total observations
- 6,809
- Mean correlation
- -0.093
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 15.8%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 302 | 4.4% | |
| -0.8 to -0.7 | 302 | 4.4% | |
| -0.7 to -0.6 | 808 | 11.9% | |
| -0.6 to -0.5 | 807 | 11.9% | |
| -0.5 to -0.4 | 628 | 9.2% | |
| -0.4 to -0.3 | 628 | 9.2% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 222 | 3.3% | |
| 0.0 to 0.1 | 222 | 3.3% | |
| 0.1 to 0.2 | 178 | 2.6% | |
| 0.2 to 0.3 | 178 | 2.6% | |
| 0.3 to 0.4 | 214 | 3.1% | |
| 0.4 to 0.5 | 213 | 3.1% | |
| 0.5 to 0.6 | 243 | 3.6% | |
| 0.6 to 0.7 | 242 | 3.6% | |
| 0.7 to 0.8 | 389 | 5.7% | |
| 0.8 to 0.9 | 389 | 5.7% | |
| 0.9 to 1.0 | 297 | 4.4% |
Frequently asked questions
What is the average correlation of MOD?
Modine Manufacturing Co (MOD) has an average correlation of about -0.093 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MOD positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 15.8%.
What is the most common correlation range for MOD?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for MOD.
Open interactive dashboard →