Chord Energy Corporation Common Stock (CHRD) Correlation Distribution
Across 6,650 rolling correlation observations between Chord Energy Corporation Common Stock (CHRD) and other NASDAQ-listed stocks, 42.9% are positive and 57.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,650
- Mean correlation
- -0.06
- Most common range
- -0.1 to 0.0
- Positive pairs
- 42.9%
- Strong positive (≥0.7)
- 2.5%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 108 | 1.6% | |
| -0.8 to -0.7 | 107 | 1.6% | |
| -0.7 to -0.6 | 391 | 5.9% | |
| -0.6 to -0.5 | 391 | 5.9% | |
| -0.5 to -0.4 | 537 | 8.1% | |
| -0.4 to -0.3 | 536 | 8.1% | |
| -0.3 to -0.2 | 570 | 8.6% | |
| -0.2 to -0.1 | 569 | 8.6% | |
| -0.1 to 0.0 | 586 | 8.8% | |
| 0.0 to 0.1 | 586 | 8.8% | |
| 0.1 to 0.2 | 437 | 6.6% | |
| 0.2 to 0.3 | 437 | 6.6% | |
| 0.3 to 0.4 | 368 | 5.5% | |
| 0.4 to 0.5 | 367 | 5.5% | |
| 0.5 to 0.6 | 247 | 3.7% | |
| 0.6 to 0.7 | 246 | 3.7% | |
| 0.7 to 0.8 | 83 | 1.2% | |
| 0.8 to 0.9 | 83 | 1.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CHRD?
Chord Energy Corporation Common Stock (CHRD) has an average correlation of about -0.06 with other NASDAQ stocks, based on 6,650 pairwise observations.
Is CHRD positively correlated with other stocks?
Not predominantly — 42.9% of pairs are positive and 57.1% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for CHRD?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 47.9% of all pairs.
Explore the full interactive correlation distribution for CHRD.
Open interactive dashboard →