MAC Copper Limited (MTAL) Correlation Distribution
Across 6,748 rolling correlation observations between MAC Copper Limited (MTAL) and other NASDAQ-listed stocks, 37.5% are positive and 62.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.078, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,748
- Mean correlation
- -0.078
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.5%
- Strong positive (≥0.7)
- 4.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 25 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 408 | 6.0% | |
| -0.6 to -0.5 | 407 | 6.0% | |
| -0.5 to -0.4 | 952 | 14.1% | |
| -0.4 to -0.3 | 951 | 14.1% | |
| -0.3 to -0.2 | 545 | 8.1% | |
| -0.2 to -0.1 | 545 | 8.1% | |
| -0.1 to 0.0 | 359 | 5.3% | |
| 0.0 to 0.1 | 358 | 5.3% | |
| 0.1 to 0.2 | 301 | 4.5% | |
| 0.2 to 0.3 | 301 | 4.5% | |
| 0.3 to 0.4 | 343 | 5.1% | |
| 0.4 to 0.5 | 342 | 5.1% | |
| 0.5 to 0.6 | 301 | 4.5% | |
| 0.6 to 0.7 | 301 | 4.5% | |
| 0.7 to 0.8 | 142 | 2.1% | |
| 0.8 to 0.9 | 142 | 2.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MTAL?
MAC Copper Limited (MTAL) has an average correlation of about -0.078 with other NASDAQ stocks, based on 6,748 pairwise observations.
Is MTAL positively correlated with other stocks?
Not predominantly — 37.5% of pairs are positive and 62.5% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for MTAL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.7% of all pairs.
Explore the full interactive correlation distribution for MTAL.
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