CenterPoint Energy, Inc. (CNP) Correlation Distribution
Across 6,809 rolling correlation observations between CenterPoint Energy, Inc. (CNP) and other NASDAQ-listed stocks, 39.8% are positive and 60.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.111, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.3% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,809
- Mean correlation
- -0.111
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.8%
- Strong positive (≥0.7)
- 5.3%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 371 | 5.4% | |
| -0.8 to -0.7 | 371 | 5.4% | |
| -0.7 to -0.6 | 599 | 8.8% | |
| -0.6 to -0.5 | 599 | 8.8% | |
| -0.5 to -0.4 | 508 | 7.5% | |
| -0.4 to -0.3 | 508 | 7.5% | |
| -0.3 to -0.2 | 402 | 5.9% | |
| -0.2 to -0.1 | 402 | 5.9% | |
| -0.1 to 0.0 | 332 | 4.9% | |
| 0.0 to 0.1 | 332 | 4.9% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 309 | 4.5% | |
| 0.3 to 0.4 | 315 | 4.6% | |
| 0.4 to 0.5 | 315 | 4.6% | |
| 0.5 to 0.6 | 386 | 5.7% | |
| 0.6 to 0.7 | 386 | 5.7% | |
| 0.7 to 0.8 | 181 | 2.7% | |
| 0.8 to 0.9 | 180 | 2.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CNP?
CenterPoint Energy, Inc. (CNP) has an average correlation of about -0.111 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CNP positively correlated with other stocks?
Not predominantly — 39.8% of pairs are positive and 60.2% are negative. Strong positive correlations (≥0.7) make up 5.3%.
What is the most common correlation range for CNP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for CNP.
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