MingZhu Logistics Holdings Limited Ordinary Shares (YGMZ) Correlation Distribution
Across 6,808 rolling correlation observations between MingZhu Logistics Holdings Limited Ordinary Shares (YGMZ) 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 0.21, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.1% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,808
- Mean correlation
- 0.21
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 17.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 319 | 4.7% | |
| -0.6 to -0.5 | 319 | 4.7% | |
| -0.5 to -0.4 | 359 | 5.3% | |
| -0.4 to -0.3 | 359 | 5.3% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 251 | 3.7% | |
| -0.1 to 0.0 | 252 | 3.7% | |
| 0.0 to 0.1 | 251 | 3.7% | |
| 0.1 to 0.2 | 301 | 4.4% | |
| 0.2 to 0.3 | 301 | 4.4% | |
| 0.3 to 0.4 | 458 | 6.7% | |
| 0.4 to 0.5 | 458 | 6.7% | |
| 0.5 to 0.6 | 783 | 11.5% | |
| 0.6 to 0.7 | 782 | 11.5% | |
| 0.7 to 0.8 | 561 | 8.2% | |
| 0.8 to 0.9 | 560 | 8.2% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of YGMZ?
MingZhu Logistics Holdings Limited Ordinary Shares (YGMZ) has an average correlation of about 0.21 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is YGMZ positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 17.1%.
What is the most common correlation range for YGMZ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.6% of all pairs.
Explore the full interactive correlation distribution for YGMZ.
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