MOGU Inc. American Depositary Shares, each representing three-hundred (300) Class A Ordinary Shares (MOGU) Correlation Distribution
Across 6,801 rolling correlation observations between MOGU Inc. American Depositary Shares, each representing three-hundred (300) Class A Ordinary Shares (MOGU) and other NASDAQ-listed stocks, 61.5% are positive and 38.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.187, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.1% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 6,801
- Mean correlation
- 0.187
- Most common range
- 0.7 to 0.8
- Positive pairs
- 61.5%
- Strong positive (≥0.7)
- 24.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 167 | 2.5% | |
| -0.8 to -0.7 | 167 | 2.5% | |
| -0.7 to -0.6 | 338 | 5.0% | |
| -0.6 to -0.5 | 337 | 5.0% | |
| -0.5 to -0.4 | 349 | 5.1% | |
| -0.4 to -0.3 | 349 | 5.1% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 301 | 4.4% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 280 | 4.1% | |
| 0.2 to 0.3 | 279 | 4.1% | |
| 0.3 to 0.4 | 351 | 5.2% | |
| 0.4 to 0.5 | 350 | 5.1% | |
| 0.5 to 0.6 | 495 | 7.3% | |
| 0.6 to 0.7 | 495 | 7.3% | |
| 0.7 to 0.8 | 609 | 9.0% | |
| 0.8 to 0.9 | 609 | 9.0% | |
| 0.9 to 1.0 | 422 | 6.2% |
Frequently asked questions
What is the average correlation of MOGU?
MOGU Inc. American Depositary Shares, each representing three-hundred (300) Class A Ordinary Shares (MOGU) has an average correlation of about 0.187 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is MOGU positively correlated with other stocks?
Mostly yes — 61.5% of pairs are positive and 38.5% are negative. Strong positive correlations (≥0.7) make up 24.1%.
What is the most common correlation range for MOGU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for MOGU.
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