MSC Industrial Direct Co., Inc. Class A (MSM) Correlation Distribution
Across 6,809 rolling correlation observations between MSC Industrial Direct Co., Inc. Class A (MSM) and other NASDAQ-listed stocks, 47.1% are positive and 52.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.006
- Most common range
- -0.3 to -0.2
- Positive pairs
- 47.1%
- Strong positive (≥0.7)
- 1.8%
- 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 | 19 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 89 | 1.3% | |
| -0.6 to -0.5 | 88 | 1.3% | |
| -0.5 to -0.4 | 447 | 6.6% | |
| -0.4 to -0.3 | 447 | 6.6% | |
| -0.3 to -0.2 | 871 | 12.8% | |
| -0.2 to -0.1 | 871 | 12.8% | |
| -0.1 to 0.0 | 755 | 11.1% | |
| 0.0 to 0.1 | 754 | 11.1% | |
| 0.1 to 0.2 | 564 | 8.3% | |
| 0.2 to 0.3 | 564 | 8.3% | |
| 0.3 to 0.4 | 395 | 5.8% | |
| 0.4 to 0.5 | 395 | 5.8% | |
| 0.5 to 0.6 | 206 | 3.0% | |
| 0.6 to 0.7 | 206 | 3.0% | |
| 0.7 to 0.8 | 60 | 0.9% | |
| 0.8 to 0.9 | 60 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MSM?
MSC Industrial Direct Co., Inc. Class A (MSM) has an average correlation of about 0.006 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MSM positively correlated with other stocks?
Not predominantly — 47.1% of pairs are positive and 52.9% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for MSM?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 64.3% of all pairs.
Explore the full interactive correlation distribution for MSM.
Open interactive dashboard →