We present the results from a spectroscopic study of 1080 nearby active M
dwarfs, selected by correlating the 2MASS and ROSAT catalogs. We have derived
the spectral types and estimated distances for all of our stars. The spectral
types range between K5 and M6. Nearly half of our stars lie within 50 pc. We
have measured the equivalent width of the H alpha emission line. Our targets
show an increase in chromospheric activity from early to mid-spectral types,
with a peak in activity around M5. Using the count rate and hardness ratios
obtained from the ROSAT catalog, we have derived the X-ray luminosities. Our
stars display a "saturation-type" relation between the chromospheric and
coronal activity. The relation is such that log (Lx/Lbol) remains "saturated"
at a value of about -3 for varying H alpha equivalent width. We have found 568
matches in the USNO-B catalog, and have derived the tangential velocities for
these stars. There is a slight trend of decreasing chromospheric activity with
age, such that the stars with higher Vtan have lower H alpha equivalent widths.
The coronal emission, however, remains saturated at a value of log (Lx/Lbol) -3
for varying tangential velocities, suggesting that the coronal activity remains
saturated with age. We do not find any break in the saturation-type relation at
the spectral type where stars become fully convective (~M3.5). Most of the
stars in our sample show more coronal emission than the dMe stars in the Hyades
and Praesepe clusters, and have Vtan< 40km/s, suggesting a young population.Comment: 24 pages, 8 figures, accepted for publication on A