MGIC Investment Corp. (MTG) Correlation Distribution
Across 6,809 rolling correlation observations between MGIC Investment Corp. (MTG) and other NASDAQ-listed stocks, 41.5% are positive and 58.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.04, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 7.2%.
- Total observations
- 6,809
- Mean correlation
- -0.04
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.5%
- Strong positive (≥0.7)
- 16.9%
- Sector
- Surety Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 242 | 3.6% | |
| -0.8 to -0.7 | 241 | 3.5% | |
| -0.7 to -0.6 | 682 | 10.0% | |
| -0.6 to -0.5 | 682 | 10.0% | |
| -0.5 to -0.4 | 610 | 9.0% | |
| -0.4 to -0.3 | 609 | 8.9% | |
| -0.3 to -0.2 | 328 | 4.8% | |
| -0.2 to -0.1 | 327 | 4.8% | |
| -0.1 to 0.0 | 252 | 3.7% | |
| 0.0 to 0.1 | 252 | 3.7% | |
| 0.1 to 0.2 | 221 | 3.2% | |
| 0.2 to 0.3 | 221 | 3.2% | |
| 0.3 to 0.4 | 220 | 3.2% | |
| 0.4 to 0.5 | 219 | 3.2% | |
| 0.5 to 0.6 | 272 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 399 | 5.9% | |
| 0.8 to 0.9 | 398 | 5.8% | |
| 0.9 to 1.0 | 352 | 5.2% |
Frequently asked questions
What is the average correlation of MTG?
MGIC Investment Corp. (MTG) has an average correlation of about -0.04 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MTG positively correlated with other stocks?
Not predominantly — 41.5% of pairs are positive and 58.5% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for MTG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for MTG.
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