MPLX LP (MPLX) Correlation Distribution
Across 6,809 rolling correlation observations between MPLX LP (MPLX) and other NASDAQ-listed stocks, 39.4% are positive and 60.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.1, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.5% and strong negative correlations (≤−0.7) for 16.2%.
- Total observations
- 6,809
- Mean correlation
- -0.1
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.4%
- Strong positive (≥0.7)
- 17.5%
- Sector
- Pipe Lines (No Natural Gas)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.2% | |
| -0.9 to -0.8 | 542 | 8.0% | |
| -0.8 to -0.7 | 542 | 8.0% | |
| -0.7 to -0.6 | 754 | 11.1% | |
| -0.6 to -0.5 | 754 | 11.1% | |
| -0.5 to -0.4 | 407 | 6.0% | |
| -0.4 to -0.3 | 407 | 6.0% | |
| -0.3 to -0.2 | 239 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 189 | 2.8% | |
| 0.2 to 0.3 | 189 | 2.8% | |
| 0.3 to 0.4 | 206 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 241 | 3.5% | |
| 0.6 to 0.7 | 241 | 3.5% | |
| 0.7 to 0.8 | 441 | 6.5% | |
| 0.8 to 0.9 | 441 | 6.5% | |
| 0.9 to 1.0 | 307 | 4.5% |
Frequently asked questions
What is the average correlation of MPLX?
MPLX LP (MPLX) has an average correlation of about -0.1 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MPLX positively correlated with other stocks?
Not predominantly — 39.4% of pairs are positive and 60.6% are negative. Strong positive correlations (≥0.7) make up 17.5%.
What is the most common correlation range for MPLX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.2% of all pairs.
Explore the full interactive correlation distribution for MPLX.
Open interactive dashboard →