Constellation Energy Corporation Common Stock (CEG) Correlation Distribution
Across 6,759 rolling correlation observations between Constellation Energy Corporation Common Stock (CEG) and other NASDAQ-listed stocks, 43% are positive and 57% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 18.6% and strong negative correlations (≤−0.7) for 16.5%.
- Total observations
- 6,759
- Mean correlation
- -0.056
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43%
- Strong positive (≥0.7)
- 18.6%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.3% | |
| -0.9 to -0.8 | 548 | 8.1% | |
| -0.8 to -0.7 | 548 | 8.1% | |
| -0.7 to -0.6 | 602 | 8.9% | |
| -0.6 to -0.5 | 602 | 8.9% | |
| -0.5 to -0.4 | 379 | 5.6% | |
| -0.4 to -0.3 | 379 | 5.6% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 232 | 3.4% | |
| 0.0 to 0.1 | 232 | 3.4% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 200 | 3.0% | |
| 0.3 to 0.4 | 223 | 3.3% | |
| 0.4 to 0.5 | 223 | 3.3% | |
| 0.5 to 0.6 | 286 | 4.2% | |
| 0.6 to 0.7 | 285 | 4.2% | |
| 0.7 to 0.8 | 488 | 7.2% | |
| 0.8 to 0.9 | 487 | 7.2% | |
| 0.9 to 1.0 | 283 | 4.2% |
Frequently asked questions
What is the average correlation of CEG?
Constellation Energy Corporation Common Stock (CEG) has an average correlation of about -0.056 with other NASDAQ stocks, based on 6,759 pairwise observations.
Is CEG positively correlated with other stocks?
Not predominantly — 43% of pairs are positive and 57% are negative. Strong positive correlations (≥0.7) make up 18.6%.
What is the most common correlation range for CEG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for CEG.
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