Materion Corporation (MTRN) Correlation Distribution
Across 6,809 rolling correlation observations between Materion Corporation (MTRN) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.124, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.9% and strong negative correlations (≤−0.7) for 8.6%.
- Total observations
- 6,809
- Mean correlation
- -0.124
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 7.9%
- Sector
- Metal Forgings & Stampings
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 292 | 4.3% | |
| -0.8 to -0.7 | 292 | 4.3% | |
| -0.7 to -0.6 | 825 | 12.1% | |
| -0.6 to -0.5 | 825 | 12.1% | |
| -0.5 to -0.4 | 521 | 7.7% | |
| -0.4 to -0.3 | 521 | 7.7% | |
| -0.3 to -0.2 | 338 | 5.0% | |
| -0.2 to -0.1 | 338 | 5.0% | |
| -0.1 to 0.0 | 265 | 3.9% | |
| 0.0 to 0.1 | 264 | 3.9% | |
| 0.1 to 0.2 | 275 | 4.0% | |
| 0.2 to 0.3 | 274 | 4.0% | |
| 0.3 to 0.4 | 303 | 4.4% | |
| 0.4 to 0.5 | 303 | 4.4% | |
| 0.5 to 0.6 | 319 | 4.7% | |
| 0.6 to 0.7 | 319 | 4.7% | |
| 0.7 to 0.8 | 266 | 3.9% | |
| 0.8 to 0.9 | 265 | 3.9% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of MTRN?
Materion Corporation (MTRN) has an average correlation of about -0.124 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MTRN positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 7.9%.
What is the most common correlation range for MTRN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.8% of all pairs.
Explore the full interactive correlation distribution for MTRN.
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