M&T Bank Corp. (MTB) Correlation Distribution
Across 6,809 rolling correlation observations between M&T Bank Corp. (MTB) and other NASDAQ-listed stocks, 56.5% are positive and 43.5% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.094, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.094
- Most common range
- -0.1 to 0.0
- Positive pairs
- 56.5%
- Strong positive (≥0.7)
- 5.1%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 133 | 2.0% | |
| -0.6 to -0.5 | 132 | 1.9% | |
| -0.5 to -0.4 | 377 | 5.5% | |
| -0.4 to -0.3 | 376 | 5.5% | |
| -0.3 to -0.2 | 618 | 9.1% | |
| -0.2 to -0.1 | 618 | 9.1% | |
| -0.1 to 0.0 | 648 | 9.5% | |
| 0.0 to 0.1 | 647 | 9.5% | |
| 0.1 to 0.2 | 490 | 7.2% | |
| 0.2 to 0.3 | 490 | 7.2% | |
| 0.3 to 0.4 | 497 | 7.3% | |
| 0.4 to 0.5 | 496 | 7.3% | |
| 0.5 to 0.6 | 440 | 6.5% | |
| 0.6 to 0.7 | 440 | 6.5% | |
| 0.7 to 0.8 | 167 | 2.5% | |
| 0.8 to 0.9 | 167 | 2.5% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of MTB?
M&T Bank Corp. (MTB) has an average correlation of about 0.094 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MTB positively correlated with other stocks?
Mostly yes — 56.5% of pairs are positive and 43.5% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for MTB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 51.6% of all pairs.
Explore the full interactive correlation distribution for MTB.
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