Peabody Energy Corporation (BTU) Correlation Distribution
Across 6,809 rolling correlation observations between Peabody Energy Corporation (BTU) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.174, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 18.4%.
- Total observations
- 6,809
- Mean correlation
- -0.174
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 3.4%
- Sector
- Bituminous Coal & Lignite Surface Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 613 | 9.0% | |
| -0.8 to -0.7 | 613 | 9.0% | |
| -0.7 to -0.6 | 550 | 8.1% | |
| -0.6 to -0.5 | 549 | 8.1% | |
| -0.5 to -0.4 | 431 | 6.3% | |
| -0.4 to -0.3 | 431 | 6.3% | |
| -0.3 to -0.2 | 331 | 4.9% | |
| -0.2 to -0.1 | 330 | 4.8% | |
| -0.1 to 0.0 | 336 | 4.9% | |
| 0.0 to 0.1 | 335 | 4.9% | |
| 0.1 to 0.2 | 373 | 5.5% | |
| 0.2 to 0.3 | 373 | 5.5% | |
| 0.3 to 0.4 | 381 | 5.6% | |
| 0.4 to 0.5 | 381 | 5.6% | |
| 0.5 to 0.6 | 262 | 3.8% | |
| 0.6 to 0.7 | 262 | 3.8% | |
| 0.7 to 0.8 | 106 | 1.6% | |
| 0.8 to 0.9 | 105 | 1.5% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of BTU?
Peabody Energy Corporation (BTU) has an average correlation of about -0.174 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BTU positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for BTU?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 30.5% of all pairs.
Explore the full interactive correlation distribution for BTU.
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