CrossAmerica Partners LP Common units representing limited partner interests (CAPL) Correlation Distribution
Across 6,809 rolling correlation observations between CrossAmerica Partners LP Common units representing limited partner interests (CAPL) and other NASDAQ-listed stocks, 43.5% are positive and 56.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.038, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,809
- Mean correlation
- -0.038
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.5%
- Strong positive (≥0.7)
- 3.6%
- Sector
- Wholesale-Petroleum & Petroleum Products (No Bulk Stations)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 421 | 6.2% | |
| -0.6 to -0.5 | 421 | 6.2% | |
| -0.5 to -0.4 | 650 | 9.5% | |
| -0.4 to -0.3 | 649 | 9.5% | |
| -0.3 to -0.2 | 551 | 8.1% | |
| -0.2 to -0.1 | 550 | 8.1% | |
| -0.1 to 0.0 | 407 | 6.0% | |
| 0.0 to 0.1 | 407 | 6.0% | |
| 0.1 to 0.2 | 363 | 5.3% | |
| 0.2 to 0.3 | 363 | 5.3% | |
| 0.3 to 0.4 | 378 | 5.6% | |
| 0.4 to 0.5 | 378 | 5.6% | |
| 0.5 to 0.6 | 415 | 6.1% | |
| 0.6 to 0.7 | 414 | 6.1% | |
| 0.7 to 0.8 | 123 | 1.8% | |
| 0.8 to 0.9 | 122 | 1.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CAPL?
CrossAmerica Partners LP Common units representing limited partner interests (CAPL) has an average correlation of about -0.038 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CAPL positively correlated with other stocks?
Not predominantly — 43.5% of pairs are positive and 56.5% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for CAPL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.8% of all pairs.
Explore the full interactive correlation distribution for CAPL.
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