Cheniere Energy Partners, LP (CQP) Correlation Distribution
Across 6,809 rolling correlation observations between Cheniere Energy Partners, LP (CQP) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.146, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 10.9%.
- Total observations
- 6,809
- Mean correlation
- -0.146
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 3.7%
- Sector
- Natural Gas Distribution
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 373 | 5.5% | |
| -0.8 to -0.7 | 372 | 5.5% | |
| -0.7 to -0.6 | 705 | 10.4% | |
| -0.6 to -0.5 | 705 | 10.4% | |
| -0.5 to -0.4 | 489 | 7.2% | |
| -0.4 to -0.3 | 489 | 7.2% | |
| -0.3 to -0.2 | 385 | 5.7% | |
| -0.2 to -0.1 | 384 | 5.6% | |
| -0.1 to 0.0 | 364 | 5.3% | |
| 0.0 to 0.1 | 364 | 5.3% | |
| 0.1 to 0.2 | 292 | 4.3% | |
| 0.2 to 0.3 | 292 | 4.3% | |
| 0.3 to 0.4 | 325 | 4.8% | |
| 0.4 to 0.5 | 324 | 4.8% | |
| 0.5 to 0.6 | 348 | 5.1% | |
| 0.6 to 0.7 | 347 | 5.1% | |
| 0.7 to 0.8 | 126 | 1.9% | |
| 0.8 to 0.9 | 125 | 1.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CQP?
Cheniere Energy Partners, LP (CQP) has an average correlation of about -0.146 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CQP positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for CQP?
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 CQP.
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