Civitas Resources, Inc. (CIVI) Correlation Distribution
Across 6,796 rolling correlation observations between Civitas Resources, Inc. (CIVI) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,796
- Mean correlation
- -0.106
- Most common range
- -0.1 to 0.0
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 1.7%
- 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 | 99 | 1.5% | |
| -0.8 to -0.7 | 99 | 1.5% | |
| -0.7 to -0.6 | 506 | 7.4% | |
| -0.6 to -0.5 | 505 | 7.4% | |
| -0.5 to -0.4 | 558 | 8.2% | |
| -0.4 to -0.3 | 557 | 8.2% | |
| -0.3 to -0.2 | 627 | 9.2% | |
| -0.2 to -0.1 | 626 | 9.2% | |
| -0.1 to 0.0 | 632 | 9.3% | |
| 0.0 to 0.1 | 632 | 9.3% | |
| 0.1 to 0.2 | 428 | 6.3% | |
| 0.2 to 0.3 | 427 | 6.3% | |
| 0.3 to 0.4 | 286 | 4.2% | |
| 0.4 to 0.5 | 286 | 4.2% | |
| 0.5 to 0.6 | 208 | 3.1% | |
| 0.6 to 0.7 | 207 | 3.0% | |
| 0.7 to 0.8 | 55 | 0.8% | |
| 0.8 to 0.9 | 55 | 0.8% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of CIVI?
Civitas Resources, Inc. (CIVI) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is CIVI positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for CIVI?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 49.6% of all pairs.
Explore the full interactive correlation distribution for CIVI.
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