Calumet, Inc. Common Stock (CLMT) Correlation Distribution
Across 6,809 rolling correlation observations between Calumet, Inc. Common Stock (CLMT) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.3% and strong negative correlations (≤−0.7) for 18.8%.
- Total observations
- 6,809
- Mean correlation
- -0.141
- Most common range
- -0.9 to -0.8
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 5.3%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 40 | 0.6% | |
| -0.9 to -0.8 | 619 | 9.1% | |
| -0.8 to -0.7 | 618 | 9.1% | |
| -0.7 to -0.6 | 489 | 7.2% | |
| -0.6 to -0.5 | 489 | 7.2% | |
| -0.5 to -0.4 | 377 | 5.5% | |
| -0.4 to -0.3 | 377 | 5.5% | |
| -0.3 to -0.2 | 351 | 5.2% | |
| -0.2 to -0.1 | 351 | 5.2% | |
| -0.1 to 0.0 | 369 | 5.4% | |
| 0.0 to 0.1 | 369 | 5.4% | |
| 0.1 to 0.2 | 325 | 4.8% | |
| 0.2 to 0.3 | 324 | 4.8% | |
| 0.3 to 0.4 | 337 | 4.9% | |
| 0.4 to 0.5 | 337 | 4.9% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 339 | 5.0% | |
| 0.7 to 0.8 | 175 | 2.6% | |
| 0.8 to 0.9 | 174 | 2.6% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of CLMT?
Calumet, Inc. Common Stock (CLMT) has an average correlation of about -0.141 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CLMT positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 5.3%.
What is the most common correlation range for CLMT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 30.7% of all pairs.
Explore the full interactive correlation distribution for CLMT.
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