Middlesex Water Co (MSEX) Correlation Distribution
Across 6,809 rolling correlation observations between Middlesex Water Co (MSEX) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.21, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.21
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 14.6%
- Sector
- Water Supply
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 110 | 1.6% | |
| -0.8 to -0.7 | 110 | 1.6% | |
| -0.7 to -0.6 | 278 | 4.1% | |
| -0.6 to -0.5 | 277 | 4.1% | |
| -0.5 to -0.4 | 268 | 3.9% | |
| -0.4 to -0.3 | 267 | 3.9% | |
| -0.3 to -0.2 | 255 | 3.7% | |
| -0.2 to -0.1 | 255 | 3.7% | |
| -0.1 to 0.0 | 308 | 4.5% | |
| 0.0 to 0.1 | 308 | 4.5% | |
| 0.1 to 0.2 | 404 | 5.9% | |
| 0.2 to 0.3 | 404 | 5.9% | |
| 0.3 to 0.4 | 579 | 8.5% | |
| 0.4 to 0.5 | 578 | 8.5% | |
| 0.5 to 0.6 | 700 | 10.3% | |
| 0.6 to 0.7 | 700 | 10.3% | |
| 0.7 to 0.8 | 488 | 7.2% | |
| 0.8 to 0.9 | 488 | 7.2% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of MSEX?
Middlesex Water Co (MSEX) has an average correlation of about 0.21 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MSEX positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for MSEX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.4% of all pairs.
Explore the full interactive correlation distribution for MSEX.
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