MTEM (MTEM) Correlation Distribution
Across 6,805 rolling correlation observations between MTEM (MTEM) and other NASDAQ-listed stocks, 64.3% are positive and 35.7% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.242, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.3% and strong negative correlations (≤−0.7) for 8.1%.
- Total observations
- 6,805
- Mean correlation
- 0.242
- Most common range
- 0.9 to 1.0
- Positive pairs
- 64.3%
- Strong positive (≥0.7)
- 35.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 55 | 0.8% | |
| -0.9 to -0.8 | 249 | 3.7% | |
| -0.8 to -0.7 | 249 | 3.7% | |
| -0.7 to -0.6 | 367 | 5.4% | |
| -0.6 to -0.5 | 367 | 5.4% | |
| -0.5 to -0.4 | 264 | 3.9% | |
| -0.4 to -0.3 | 264 | 3.9% | |
| -0.3 to -0.2 | 209 | 3.1% | |
| -0.2 to -0.1 | 209 | 3.1% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 198 | 2.9% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 252 | 3.7% | |
| 0.4 to 0.5 | 252 | 3.7% | |
| 0.5 to 0.6 | 415 | 6.1% | |
| 0.6 to 0.7 | 415 | 6.1% | |
| 0.7 to 0.8 | 798 | 11.7% | |
| 0.8 to 0.9 | 797 | 11.7% | |
| 0.9 to 1.0 | 808 | 11.9% |
Frequently asked questions
What is the average correlation of MTEM?
MTEM (MTEM) has an average correlation of about 0.242 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is MTEM positively correlated with other stocks?
Mostly yes — 64.3% of pairs are positive and 35.7% are negative. Strong positive correlations (≥0.7) make up 35.3%.
What is the most common correlation range for MTEM?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for MTEM.
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