ANTERO RESOURCES CORPORATION (AR) Correlation Distribution
Across 6,809 rolling correlation observations between ANTERO RESOURCES CORPORATION (AR) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 14.2%.
- Total observations
- 6,809
- Mean correlation
- -0.138
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 4.6%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 484 | 7.1% | |
| -0.8 to -0.7 | 483 | 7.1% | |
| -0.7 to -0.6 | 604 | 8.9% | |
| -0.6 to -0.5 | 604 | 8.9% | |
| -0.5 to -0.4 | 457 | 6.7% | |
| -0.4 to -0.3 | 456 | 6.7% | |
| -0.3 to -0.2 | 375 | 5.5% | |
| -0.2 to -0.1 | 375 | 5.5% | |
| -0.1 to 0.0 | 332 | 4.9% | |
| 0.0 to 0.1 | 331 | 4.9% | |
| 0.1 to 0.2 | 301 | 4.4% | |
| 0.2 to 0.3 | 300 | 4.4% | |
| 0.3 to 0.4 | 335 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 363 | 5.3% | |
| 0.6 to 0.7 | 363 | 5.3% | |
| 0.7 to 0.8 | 146 | 2.1% | |
| 0.8 to 0.9 | 146 | 2.1% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of AR?
ANTERO RESOURCES CORPORATION (AR) has an average correlation of about -0.138 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AR positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for AR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.6% of all pairs.
Explore the full interactive correlation distribution for AR.
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