Marten Transport Ltd (MRTN) Correlation Distribution
Across 6,809 rolling correlation observations between Marten Transport Ltd (MRTN) and other NASDAQ-listed stocks, 30.6% are positive and 69.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- -0.137
- Most common range
- -0.3 to -0.2
- Positive pairs
- 30.6%
- Strong positive (≥0.7)
- 1.9%
- Sector
- Trucking (No Local)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 104 | 1.5% | |
| -0.8 to -0.7 | 104 | 1.5% | |
| -0.7 to -0.6 | 365 | 5.4% | |
| -0.6 to -0.5 | 364 | 5.3% | |
| -0.5 to -0.4 | 703 | 10.3% | |
| -0.4 to -0.3 | 702 | 10.3% | |
| -0.3 to -0.2 | 923 | 13.6% | |
| -0.2 to -0.1 | 922 | 13.5% | |
| -0.1 to 0.0 | 531 | 7.8% | |
| 0.0 to 0.1 | 530 | 7.8% | |
| 0.1 to 0.2 | 328 | 4.8% | |
| 0.2 to 0.3 | 327 | 4.8% | |
| 0.3 to 0.4 | 220 | 3.2% | |
| 0.4 to 0.5 | 219 | 3.2% | |
| 0.5 to 0.6 | 166 | 2.4% | |
| 0.6 to 0.7 | 165 | 2.4% | |
| 0.7 to 0.8 | 66 | 1.0% | |
| 0.8 to 0.9 | 65 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MRTN?
Marten Transport Ltd (MRTN) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MRTN positively correlated with other stocks?
Not predominantly — 30.6% of pairs are positive and 69.4% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for MRTN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52.3% of all pairs.
Explore the full interactive correlation distribution for MRTN.
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