Mexco Energy Corporation (MXC) Correlation Distribution
Across 6,798 rolling correlation observations between Mexco Energy Corporation (MXC) and other NASDAQ-listed stocks, 44.8% are positive and 55.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.045, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,798
- Mean correlation
- -0.045
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.8%
- Strong positive (≥0.7)
- 2.5%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 386 | 5.7% | |
| -0.6 to -0.5 | 385 | 5.7% | |
| -0.5 to -0.4 | 612 | 9.0% | |
| -0.4 to -0.3 | 611 | 9.0% | |
| -0.3 to -0.2 | 550 | 8.1% | |
| -0.2 to -0.1 | 549 | 8.1% | |
| -0.1 to 0.0 | 579 | 8.5% | |
| 0.0 to 0.1 | 579 | 8.5% | |
| 0.1 to 0.2 | 529 | 7.8% | |
| 0.2 to 0.3 | 529 | 7.8% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 400 | 5.9% | |
| 0.5 to 0.6 | 218 | 3.2% | |
| 0.6 to 0.7 | 217 | 3.2% | |
| 0.7 to 0.8 | 84 | 1.2% | |
| 0.8 to 0.9 | 84 | 1.2% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of MXC?
Mexco Energy Corporation (MXC) has an average correlation of about -0.045 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is MXC positively correlated with other stocks?
Not predominantly — 44.8% of pairs are positive and 55.2% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for MXC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 48.8% of all pairs.
Explore the full interactive correlation distribution for MXC.
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