Mannatech Inc. (MTEX) Correlation Distribution
Across 6,738 rolling correlation observations between Mannatech Inc. (MTEX) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.25, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.3% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,738
- Mean correlation
- 0.25
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 19.3%
- Sector
- Medicinal Chemicals & Botanical Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 102 | 1.5% | |
| -0.8 to -0.7 | 102 | 1.5% | |
| -0.7 to -0.6 | 256 | 3.8% | |
| -0.6 to -0.5 | 256 | 3.8% | |
| -0.5 to -0.4 | 276 | 4.1% | |
| -0.4 to -0.3 | 276 | 4.1% | |
| -0.3 to -0.2 | 227 | 3.4% | |
| -0.2 to -0.1 | 227 | 3.4% | |
| -0.1 to 0.0 | 267 | 4.0% | |
| 0.0 to 0.1 | 267 | 4.0% | |
| 0.1 to 0.2 | 360 | 5.3% | |
| 0.2 to 0.3 | 359 | 5.3% | |
| 0.3 to 0.4 | 517 | 7.7% | |
| 0.4 to 0.5 | 517 | 7.7% | |
| 0.5 to 0.6 | 715 | 10.6% | |
| 0.6 to 0.7 | 715 | 10.6% | |
| 0.7 to 0.8 | 609 | 9.0% | |
| 0.8 to 0.9 | 609 | 9.0% | |
| 0.9 to 1.0 | 80 | 1.2% |
Frequently asked questions
What is the average correlation of MTEX?
Mannatech Inc. (MTEX) has an average correlation of about 0.25 with other NASDAQ stocks, based on 6,738 pairwise observations.
Is MTEX positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 19.3%.
What is the most common correlation range for MTEX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for MTEX.
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