Alliance Resource Partners LP (ARLP) Correlation Distribution
Across 6,809 rolling correlation observations between Alliance Resource Partners LP (ARLP) and other NASDAQ-listed stocks, 36.2% are positive and 63.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.21, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 31%.
- Total observations
- 6,809
- Mean correlation
- -0.21
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.2%
- Strong positive (≥0.7)
- 9%
- Sector
- Bituminous Coal & Lignite Surface Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 294 | 4.3% | |
| -0.9 to -0.8 | 909 | 13.3% | |
| -0.8 to -0.7 | 909 | 13.3% | |
| -0.7 to -0.6 | 485 | 7.1% | |
| -0.6 to -0.5 | 484 | 7.1% | |
| -0.5 to -0.4 | 295 | 4.3% | |
| -0.4 to -0.3 | 295 | 4.3% | |
| -0.3 to -0.2 | 230 | 3.4% | |
| -0.2 to -0.1 | 229 | 3.4% | |
| -0.1 to 0.0 | 212 | 3.1% | |
| 0.0 to 0.1 | 212 | 3.1% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 360 | 5.3% | |
| 0.6 to 0.7 | 359 | 5.3% | |
| 0.7 to 0.8 | 285 | 4.2% | |
| 0.8 to 0.9 | 284 | 4.2% | |
| 0.9 to 1.0 | 44 | 0.6% |
Frequently asked questions
What is the average correlation of ARLP?
Alliance Resource Partners LP (ARLP) has an average correlation of about -0.21 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ARLP positively correlated with other stocks?
Not predominantly — 36.2% of pairs are positive and 63.8% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for ARLP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for ARLP.
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