MRC GLOBAL INC. (MRC) Correlation Distribution
Across 6,809 rolling correlation observations between MRC GLOBAL INC. (MRC) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.065, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.1% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- -0.065
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 9.1%
- Sector
- Wholesale-Industrial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 106 | 1.6% | |
| -0.8 to -0.7 | 106 | 1.6% | |
| -0.7 to -0.6 | 811 | 11.9% | |
| -0.6 to -0.5 | 811 | 11.9% | |
| -0.5 to -0.4 | 599 | 8.8% | |
| -0.4 to -0.3 | 599 | 8.8% | |
| -0.3 to -0.2 | 338 | 5.0% | |
| -0.2 to -0.1 | 338 | 5.0% | |
| -0.1 to 0.0 | 285 | 4.2% | |
| 0.0 to 0.1 | 284 | 4.2% | |
| 0.1 to 0.2 | 270 | 4.0% | |
| 0.2 to 0.3 | 270 | 4.0% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 275 | 4.0% | |
| 0.5 to 0.6 | 411 | 6.0% | |
| 0.6 to 0.7 | 410 | 6.0% | |
| 0.7 to 0.8 | 310 | 4.6% | |
| 0.8 to 0.9 | 310 | 4.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of MRC?
MRC GLOBAL INC. (MRC) has an average correlation of about -0.065 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MRC positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 9.1%.
What is the most common correlation range for MRC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.2% of all pairs.
Explore the full interactive correlation distribution for MRC.
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