Molina Healthcare, Inc. (MOH) Correlation Distribution
Across 6,809 rolling correlation observations between Molina Healthcare, Inc. (MOH) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.117, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 9.1%.
- Total observations
- 6,809
- Mean correlation
- -0.117
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 3.7%
- Sector
- Hospital & Medical Service Plans
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 311 | 4.6% | |
| -0.8 to -0.7 | 310 | 4.6% | |
| -0.7 to -0.6 | 589 | 8.7% | |
| -0.6 to -0.5 | 589 | 8.7% | |
| -0.5 to -0.4 | 505 | 7.4% | |
| -0.4 to -0.3 | 504 | 7.4% | |
| -0.3 to -0.2 | 509 | 7.5% | |
| -0.2 to -0.1 | 508 | 7.5% | |
| -0.1 to 0.0 | 365 | 5.4% | |
| 0.0 to 0.1 | 365 | 5.4% | |
| 0.1 to 0.2 | 320 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 341 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 126 | 1.9% | |
| 0.8 to 0.9 | 126 | 1.9% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of MOH?
Molina Healthcare, Inc. (MOH) has an average correlation of about -0.117 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MOH positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for MOH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 35% of all pairs.
Explore the full interactive correlation distribution for MOH.
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