Baytex Energy Corp. (BTE) Correlation Distribution
Across 6,347 rolling correlation observations between Baytex Energy Corp. (BTE) and other NASDAQ-listed stocks, 51.5% are positive and 48.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 19.7%.
- Total observations
- 6,347
- Mean correlation
- -0.034
- Most common range
- -0.9 to -0.8
- Positive pairs
- 51.5%
- Strong positive (≥0.7)
- 9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 156 | 2.5% | |
| -0.9 to -0.8 | 548 | 8.6% | |
| -0.8 to -0.7 | 547 | 8.6% | |
| -0.7 to -0.6 | 322 | 5.1% | |
| -0.6 to -0.5 | 322 | 5.1% | |
| -0.5 to -0.4 | 232 | 3.7% | |
| -0.4 to -0.3 | 232 | 3.7% | |
| -0.3 to -0.2 | 229 | 3.6% | |
| -0.2 to -0.1 | 229 | 3.6% | |
| -0.1 to 0.0 | 262 | 4.1% | |
| 0.0 to 0.1 | 262 | 4.1% | |
| 0.1 to 0.2 | 351 | 5.5% | |
| 0.2 to 0.3 | 350 | 5.5% | |
| 0.3 to 0.4 | 452 | 7.1% | |
| 0.4 to 0.5 | 452 | 7.1% | |
| 0.5 to 0.6 | 414 | 6.5% | |
| 0.6 to 0.7 | 414 | 6.5% | |
| 0.7 to 0.8 | 241 | 3.8% | |
| 0.8 to 0.9 | 241 | 3.8% | |
| 0.9 to 1.0 | 91 | 1.4% |
Frequently asked questions
What is the average correlation of BTE?
Baytex Energy Corp. (BTE) has an average correlation of about -0.034 with other NASDAQ stocks, based on 6,347 pairwise observations.
Is BTE positively correlated with other stocks?
Mostly yes — 51.5% of pairs are positive and 48.5% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for BTE?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for BTE.
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