Brooge Energy Limited Ordinary Shares (BROG) Correlation Distribution
Across 6,681 rolling correlation observations between Brooge Energy Limited Ordinary Shares (BROG) and other NASDAQ-listed stocks, 64.8% are positive and 35.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.198, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.6% and strong negative correlations (≤−0.7) for 15.1%.
- Total observations
- 6,681
- Mean correlation
- 0.198
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.8%
- Strong positive (≥0.7)
- 30.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 232 | 3.5% | |
| -0.9 to -0.8 | 390 | 5.8% | |
| -0.8 to -0.7 | 390 | 5.8% | |
| -0.7 to -0.6 | 223 | 3.3% | |
| -0.6 to -0.5 | 223 | 3.3% | |
| -0.5 to -0.4 | 181 | 2.7% | |
| -0.4 to -0.3 | 180 | 2.7% | |
| -0.3 to -0.2 | 174 | 2.6% | |
| -0.2 to -0.1 | 173 | 2.6% | |
| -0.1 to 0.0 | 186 | 2.8% | |
| 0.0 to 0.1 | 185 | 2.8% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 272 | 4.1% | |
| 0.4 to 0.5 | 272 | 4.1% | |
| 0.5 to 0.6 | 580 | 8.7% | |
| 0.6 to 0.7 | 579 | 8.7% | |
| 0.7 to 0.8 | 966 | 14.5% | |
| 0.8 to 0.9 | 966 | 14.5% | |
| 0.9 to 1.0 | 115 | 1.7% |
Frequently asked questions
What is the average correlation of BROG?
Brooge Energy Limited Ordinary Shares (BROG) has an average correlation of about 0.198 with other NASDAQ stocks, based on 6,681 pairwise observations.
Is BROG positively correlated with other stocks?
Mostly yes — 64.8% of pairs are positive and 35.2% are negative. Strong positive correlations (≥0.7) make up 30.6%.
What is the most common correlation range for BROG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for BROG.
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