CHK (CHK) Correlation Distribution
Across 6,770 rolling correlation observations between CHK (CHK) and other NASDAQ-listed stocks, 28.6% are positive and 71.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.283, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2% and strong negative correlations (≤−0.7) for 23.4%.
- Total observations
- 6,770
- Mean correlation
- -0.283
- Most common range
- -0.9 to -0.8
- Positive pairs
- 28.6%
- Strong positive (≥0.7)
- 2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 791 | 11.7% | |
| -0.8 to -0.7 | 791 | 11.7% | |
| -0.7 to -0.6 | 625 | 9.2% | |
| -0.6 to -0.5 | 625 | 9.2% | |
| -0.5 to -0.4 | 446 | 6.6% | |
| -0.4 to -0.3 | 446 | 6.6% | |
| -0.3 to -0.2 | 381 | 5.6% | |
| -0.2 to -0.1 | 381 | 5.6% | |
| -0.1 to 0.0 | 350 | 5.2% | |
| 0.0 to 0.1 | 349 | 5.2% | |
| 0.1 to 0.2 | 343 | 5.1% | |
| 0.2 to 0.3 | 342 | 5.1% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 138 | 2.0% | |
| 0.6 to 0.7 | 137 | 2.0% | |
| 0.7 to 0.8 | 59 | 0.9% | |
| 0.8 to 0.9 | 58 | 0.9% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of CHK?
CHK (CHK) has an average correlation of about -0.283 with other NASDAQ stocks, based on 6,770 pairwise observations.
Is CHK positively correlated with other stocks?
Not predominantly — 28.6% of pairs are positive and 71.4% are negative. Strong positive correlations (≥0.7) make up 2%.
What is the most common correlation range for CHK?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 31.7% of all pairs.
Explore the full interactive correlation distribution for CHK.
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