NMI Holdings Inc. Common Stock (NMIH) Correlation Distribution
Across 6,809 rolling correlation observations between NMI Holdings Inc. Common Stock (NMIH) and other NASDAQ-listed stocks, 40.3% are positive and 59.7% 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 15.3% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,809
- Mean correlation
- -0.045
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.3%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Surety Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 214 | 3.1% | |
| -0.8 to -0.7 | 214 | 3.1% | |
| -0.7 to -0.6 | 571 | 8.4% | |
| -0.6 to -0.5 | 571 | 8.4% | |
| -0.5 to -0.4 | 731 | 10.7% | |
| -0.4 to -0.3 | 731 | 10.7% | |
| -0.3 to -0.2 | 378 | 5.6% | |
| -0.2 to -0.1 | 377 | 5.5% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 211 | 3.1% | |
| 0.2 to 0.3 | 211 | 3.1% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 272 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 414 | 6.1% | |
| 0.8 to 0.9 | 413 | 6.1% | |
| 0.9 to 1.0 | 217 | 3.2% |
Frequently asked questions
What is the average correlation of NMIH?
NMI Holdings Inc. Common Stock (NMIH) has an average correlation of about -0.045 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NMIH positively correlated with other stocks?
Not predominantly — 40.3% of pairs are positive and 59.7% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for NMIH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for NMIH.
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