Merck & Co., Inc. (MRK) Correlation Distribution
Across 6,809 rolling correlation observations between Merck & Co., Inc. (MRK) and other NASDAQ-listed stocks, 33% are positive and 67% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.212, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 14%.
- Total observations
- 6,809
- Mean correlation
- -0.212
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33%
- Strong positive (≥0.7)
- 4.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 473 | 6.9% | |
| -0.8 to -0.7 | 472 | 6.9% | |
| -0.7 to -0.6 | 897 | 13.2% | |
| -0.6 to -0.5 | 896 | 13.2% | |
| -0.5 to -0.4 | 473 | 6.9% | |
| -0.4 to -0.3 | 473 | 6.9% | |
| -0.3 to -0.2 | 297 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 291 | 4.3% | |
| 0.2 to 0.3 | 291 | 4.3% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 260 | 3.8% | |
| 0.6 to 0.7 | 260 | 3.8% | |
| 0.7 to 0.8 | 139 | 2.0% | |
| 0.8 to 0.9 | 139 | 2.0% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of MRK?
Merck & Co., Inc. (MRK) has an average correlation of about -0.212 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MRK positively correlated with other stocks?
Not predominantly — 33% of pairs are positive and 67% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for MRK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for MRK.
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