M-tron Industries, Inc. (MPTI) Correlation Distribution
Across 6,456 rolling correlation observations between M-tron Industries, Inc. (MPTI) and other NASDAQ-listed stocks, 47.6% are positive and 52.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 15%.
- Total observations
- 6,456
- Mean correlation
- -0.028
- Most common range
- -0.7 to -0.6
- Positive pairs
- 47.6%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Electronic Components, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 479 | 7.4% | |
| -0.8 to -0.7 | 478 | 7.4% | |
| -0.7 to -0.6 | 550 | 8.5% | |
| -0.6 to -0.5 | 550 | 8.5% | |
| -0.5 to -0.4 | 311 | 4.8% | |
| -0.4 to -0.3 | 311 | 4.8% | |
| -0.3 to -0.2 | 228 | 3.5% | |
| -0.2 to -0.1 | 227 | 3.5% | |
| -0.1 to 0.0 | 237 | 3.7% | |
| 0.0 to 0.1 | 237 | 3.7% | |
| 0.1 to 0.2 | 245 | 3.8% | |
| 0.2 to 0.3 | 244 | 3.8% | |
| 0.3 to 0.4 | 295 | 4.6% | |
| 0.4 to 0.5 | 294 | 4.6% | |
| 0.5 to 0.6 | 385 | 6.0% | |
| 0.6 to 0.7 | 385 | 6.0% | |
| 0.7 to 0.8 | 471 | 7.3% | |
| 0.8 to 0.9 | 470 | 7.3% | |
| 0.9 to 1.0 | 48 | 0.7% |
Frequently asked questions
What is the average correlation of MPTI?
M-tron Industries, Inc. (MPTI) has an average correlation of about -0.028 with other NASDAQ stocks, based on 6,456 pairwise observations.
Is MPTI positively correlated with other stocks?
Not predominantly — 47.6% of pairs are positive and 52.4% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for MPTI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for MPTI.
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