ConocoPhillips (COP) Correlation Distribution
Across 6,809 rolling correlation observations between ConocoPhillips (COP) and other NASDAQ-listed stocks, 36.4% are positive and 63.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.203, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 25.9%.
- Total observations
- 6,809
- Mean correlation
- -0.203
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.4%
- Strong positive (≥0.7)
- 5.1%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 144 | 2.1% | |
| -0.9 to -0.8 | 809 | 11.9% | |
| -0.8 to -0.7 | 808 | 11.9% | |
| -0.7 to -0.6 | 484 | 7.1% | |
| -0.6 to -0.5 | 484 | 7.1% | |
| -0.5 to -0.4 | 350 | 5.1% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 311 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 281 | 4.1% | |
| 0.0 to 0.1 | 280 | 4.1% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 340 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 301 | 4.4% | |
| 0.6 to 0.7 | 301 | 4.4% | |
| 0.7 to 0.8 | 148 | 2.2% | |
| 0.8 to 0.9 | 147 | 2.2% | |
| 0.9 to 1.0 | 52 | 0.8% |
Frequently asked questions
What is the average correlation of COP?
ConocoPhillips (COP) has an average correlation of about -0.203 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is COP positively correlated with other stocks?
Not predominantly — 36.4% of pairs are positive and 63.6% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for COP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for COP.
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