Navios Maritime Partners L.P. (NMM) Correlation Distribution
Across 6,809 rolling correlation observations between Navios Maritime Partners L.P. (NMM) and other NASDAQ-listed stocks, 45.7% are positive and 54.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.017
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.7%
- Strong positive (≥0.7)
- 12.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 478 | 7.0% | |
| -0.6 to -0.5 | 478 | 7.0% | |
| -0.5 to -0.4 | 646 | 9.5% | |
| -0.4 to -0.3 | 646 | 9.5% | |
| -0.3 to -0.2 | 513 | 7.5% | |
| -0.2 to -0.1 | 513 | 7.5% | |
| -0.1 to 0.0 | 299 | 4.4% | |
| 0.0 to 0.1 | 298 | 4.4% | |
| 0.1 to 0.2 | 295 | 4.3% | |
| 0.2 to 0.3 | 295 | 4.3% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 287 | 4.2% | |
| 0.5 to 0.6 | 390 | 5.7% | |
| 0.6 to 0.7 | 389 | 5.7% | |
| 0.7 to 0.8 | 430 | 6.3% | |
| 0.8 to 0.9 | 430 | 6.3% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of NMM?
Navios Maritime Partners L.P. (NMM) has an average correlation of about 0.017 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NMM positively correlated with other stocks?
Not predominantly — 45.7% of pairs are positive and 54.3% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for NMM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.5% of all pairs.
Explore the full interactive correlation distribution for NMM.
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