PLAYSTUDIOS, Inc. Class A Common Stock (MYPS) Correlation Distribution
Across 6,806 rolling correlation observations between PLAYSTUDIOS, Inc. Class A Common Stock (MYPS) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.185, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.8% and strong negative correlations (≤−0.7) for 10.4%.
- Total observations
- 6,806
- Mean correlation
- 0.185
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 16.8%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 354 | 5.2% | |
| -0.8 to -0.7 | 354 | 5.2% | |
| -0.7 to -0.6 | 286 | 4.2% | |
| -0.6 to -0.5 | 286 | 4.2% | |
| -0.5 to -0.4 | 219 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 200 | 2.9% | |
| -0.2 to -0.1 | 199 | 2.9% | |
| -0.1 to 0.0 | 195 | 2.9% | |
| 0.0 to 0.1 | 195 | 2.9% | |
| 0.1 to 0.2 | 252 | 3.7% | |
| 0.2 to 0.3 | 251 | 3.7% | |
| 0.3 to 0.4 | 453 | 6.7% | |
| 0.4 to 0.5 | 452 | 6.6% | |
| 0.5 to 0.6 | 873 | 12.8% | |
| 0.6 to 0.7 | 873 | 12.8% | |
| 0.7 to 0.8 | 560 | 8.2% | |
| 0.8 to 0.9 | 560 | 8.2% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of MYPS?
PLAYSTUDIOS, Inc. Class A Common Stock (MYPS) has an average correlation of about 0.185 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is MYPS positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 16.8%.
What is the most common correlation range for MYPS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for MYPS.
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