Meritage Homes Corporation (MTH) Correlation Distribution
Across 6,809 rolling correlation observations between Meritage Homes Corporation (MTH) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.071, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.2% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 6,809
- Mean correlation
- -0.071
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 11.2%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 167 | 2.5% | |
| -0.8 to -0.7 | 167 | 2.5% | |
| -0.7 to -0.6 | 604 | 8.9% | |
| -0.6 to -0.5 | 603 | 8.9% | |
| -0.5 to -0.4 | 792 | 11.6% | |
| -0.4 to -0.3 | 792 | 11.6% | |
| -0.3 to -0.2 | 389 | 5.7% | |
| -0.2 to -0.1 | 389 | 5.7% | |
| -0.1 to 0.0 | 273 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 233 | 3.4% | |
| 0.2 to 0.3 | 233 | 3.4% | |
| 0.3 to 0.4 | 244 | 3.6% | |
| 0.4 to 0.5 | 243 | 3.6% | |
| 0.5 to 0.6 | 321 | 4.7% | |
| 0.6 to 0.7 | 320 | 4.7% | |
| 0.7 to 0.8 | 347 | 5.1% | |
| 0.8 to 0.9 | 346 | 5.1% | |
| 0.9 to 1.0 | 72 | 1.1% |
Frequently asked questions
What is the average correlation of MTH?
Meritage Homes Corporation (MTH) has an average correlation of about -0.071 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MTH positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 11.2%.
What is the most common correlation range for MTH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for MTH.
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