MARATHON PETROLEUM CORPORATION (MPC) Correlation Distribution
Across 6,809 rolling correlation observations between MARATHON PETROLEUM CORPORATION (MPC) and other NASDAQ-listed stocks, 35.6% are positive and 64.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.201, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.4% and strong negative correlations (≤−0.7) for 30.4%.
- Total observations
- 6,809
- Mean correlation
- -0.201
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.6%
- Strong positive (≥0.7)
- 12.4%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 90 | 1.3% | |
| -0.9 to -0.8 | 992 | 14.6% | |
| -0.8 to -0.7 | 991 | 14.6% | |
| -0.7 to -0.6 | 534 | 7.8% | |
| -0.6 to -0.5 | 534 | 7.8% | |
| -0.5 to -0.4 | 304 | 4.5% | |
| -0.4 to -0.3 | 303 | 4.4% | |
| -0.3 to -0.2 | 218 | 3.2% | |
| -0.2 to -0.1 | 217 | 3.2% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 205 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 274 | 4.0% | |
| 0.6 to 0.7 | 274 | 4.0% | |
| 0.7 to 0.8 | 357 | 5.2% | |
| 0.8 to 0.9 | 356 | 5.2% | |
| 0.9 to 1.0 | 132 | 1.9% |
Frequently asked questions
What is the average correlation of MPC?
MARATHON PETROLEUM CORPORATION (MPC) has an average correlation of about -0.201 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MPC positively correlated with other stocks?
Not predominantly — 35.6% of pairs are positive and 64.4% are negative. Strong positive correlations (≥0.7) make up 12.4%.
What is the most common correlation range for MPC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for MPC.
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