CNX Resources Corporation (CNX) Correlation Distribution
Across 6,809 rolling correlation observations between CNX Resources Corporation (CNX) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.104, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 9.9%.
- Total observations
- 6,809
- Mean correlation
- -0.104
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 14.4%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 335 | 4.9% | |
| -0.8 to -0.7 | 335 | 4.9% | |
| -0.7 to -0.6 | 899 | 13.2% | |
| -0.6 to -0.5 | 898 | 13.2% | |
| -0.5 to -0.4 | 463 | 6.8% | |
| -0.4 to -0.3 | 463 | 6.8% | |
| -0.3 to -0.2 | 290 | 4.3% | |
| -0.2 to -0.1 | 289 | 4.2% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 225 | 3.3% | |
| 0.4 to 0.5 | 225 | 3.3% | |
| 0.5 to 0.6 | 281 | 4.1% | |
| 0.6 to 0.7 | 280 | 4.1% | |
| 0.7 to 0.8 | 433 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 113 | 1.7% |
Frequently asked questions
What is the average correlation of CNX?
CNX Resources Corporation (CNX) has an average correlation of about -0.104 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CNX positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for CNX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for CNX.
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