Merus N.V. Common Shares (MRUS) Correlation Distribution
Across 6,809 rolling correlation observations between Merus N.V. Common Shares (MRUS) and other NASDAQ-listed stocks, 43.2% are positive and 56.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- -0.006
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.2%
- Strong positive (≥0.7)
- 12.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 90 | 1.3% | |
| -0.8 to -0.7 | 89 | 1.3% | |
| -0.7 to -0.6 | 436 | 6.4% | |
| -0.6 to -0.5 | 435 | 6.4% | |
| -0.5 to -0.4 | 759 | 11.1% | |
| -0.4 to -0.3 | 758 | 11.1% | |
| -0.3 to -0.2 | 479 | 7.0% | |
| -0.2 to -0.1 | 479 | 7.0% | |
| -0.1 to 0.0 | 339 | 5.0% | |
| 0.0 to 0.1 | 339 | 5.0% | |
| 0.1 to 0.2 | 264 | 3.9% | |
| 0.2 to 0.3 | 263 | 3.9% | |
| 0.3 to 0.4 | 263 | 3.9% | |
| 0.4 to 0.5 | 263 | 3.9% | |
| 0.5 to 0.6 | 346 | 5.1% | |
| 0.6 to 0.7 | 345 | 5.1% | |
| 0.7 to 0.8 | 422 | 6.2% | |
| 0.8 to 0.9 | 422 | 6.2% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of MRUS?
Merus N.V. Common Shares (MRUS) has an average correlation of about -0.006 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MRUS positively correlated with other stocks?
Not predominantly — 43.2% of pairs are positive and 56.8% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for MRUS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for MRUS.
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