Mainz Biomed N.V. Ordinary Shares (MYNZ) Correlation Distribution
Across 6,796 rolling correlation observations between Mainz Biomed N.V. Ordinary Shares (MYNZ) and other NASDAQ-listed stocks, 65.5% are positive and 34.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.211, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.9% and strong negative correlations (≤−0.7) for 10.9%.
- Total observations
- 6,796
- Mean correlation
- 0.211
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.5%
- Strong positive (≥0.7)
- 27.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 59 | 0.9% | |
| -0.9 to -0.8 | 343 | 5.0% | |
| -0.8 to -0.7 | 342 | 5.0% | |
| -0.7 to -0.6 | 299 | 4.4% | |
| -0.6 to -0.5 | 298 | 4.4% | |
| -0.5 to -0.4 | 226 | 3.3% | |
| -0.4 to -0.3 | 226 | 3.3% | |
| -0.3 to -0.2 | 186 | 2.7% | |
| -0.2 to -0.1 | 186 | 2.7% | |
| -0.1 to 0.0 | 181 | 2.7% | |
| 0.0 to 0.1 | 181 | 2.7% | |
| 0.1 to 0.2 | 238 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 320 | 4.7% | |
| 0.4 to 0.5 | 320 | 4.7% | |
| 0.5 to 0.6 | 629 | 9.3% | |
| 0.6 to 0.7 | 629 | 9.3% | |
| 0.7 to 0.8 | 849 | 12.5% | |
| 0.8 to 0.9 | 848 | 12.5% | |
| 0.9 to 1.0 | 199 | 2.9% |
Frequently asked questions
What is the average correlation of MYNZ?
Mainz Biomed N.V. Ordinary Shares (MYNZ) has an average correlation of about 0.211 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is MYNZ positively correlated with other stocks?
Mostly yes — 65.5% of pairs are positive and 34.5% are negative. Strong positive correlations (≥0.7) make up 27.9%.
What is the most common correlation range for MYNZ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for MYNZ.
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