Mitsubishi UFJ Financial Group, Inc. (MUFG) Correlation Distribution
Across 6,809 rolling correlation observations between Mitsubishi UFJ Financial Group, Inc. (MUFG) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.096, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.6% and strong negative correlations (≤−0.7) for 11.5%.
- Total observations
- 6,809
- Mean correlation
- -0.096
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 16.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.2% | |
| -0.9 to -0.8 | 384 | 5.6% | |
| -0.8 to -0.7 | 384 | 5.6% | |
| -0.7 to -0.6 | 823 | 12.1% | |
| -0.6 to -0.5 | 822 | 12.1% | |
| -0.5 to -0.4 | 513 | 7.5% | |
| -0.4 to -0.3 | 513 | 7.5% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 216 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 184 | 2.7% | |
| 0.2 to 0.3 | 184 | 2.7% | |
| 0.3 to 0.4 | 200 | 2.9% | |
| 0.4 to 0.5 | 199 | 2.9% | |
| 0.5 to 0.6 | 243 | 3.6% | |
| 0.6 to 0.7 | 243 | 3.6% | |
| 0.7 to 0.8 | 392 | 5.8% | |
| 0.8 to 0.9 | 391 | 5.7% | |
| 0.9 to 1.0 | 349 | 5.1% |
Frequently asked questions
What is the average correlation of MUFG?
Mitsubishi UFJ Financial Group, Inc. (MUFG) has an average correlation of about -0.096 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MUFG positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 16.6%.
What is the most common correlation range for MUFG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for MUFG.
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