California Resources Corporation (CRC) Correlation Distribution
Across 6,808 rolling correlation observations between California Resources Corporation (CRC) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 12%.
- Total observations
- 6,808
- Mean correlation
- -0.138
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 4.6%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 407 | 6.0% | |
| -0.8 to -0.7 | 407 | 6.0% | |
| -0.7 to -0.6 | 654 | 9.6% | |
| -0.6 to -0.5 | 653 | 9.6% | |
| -0.5 to -0.4 | 537 | 7.9% | |
| -0.4 to -0.3 | 537 | 7.9% | |
| -0.3 to -0.2 | 376 | 5.5% | |
| -0.2 to -0.1 | 375 | 5.5% | |
| -0.1 to 0.0 | 300 | 4.4% | |
| 0.0 to 0.1 | 299 | 4.4% | |
| 0.1 to 0.2 | 270 | 4.0% | |
| 0.2 to 0.3 | 269 | 4.0% | |
| 0.3 to 0.4 | 318 | 4.7% | |
| 0.4 to 0.5 | 317 | 4.7% | |
| 0.5 to 0.6 | 386 | 5.7% | |
| 0.6 to 0.7 | 386 | 5.7% | |
| 0.7 to 0.8 | 156 | 2.3% | |
| 0.8 to 0.9 | 155 | 2.3% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of CRC?
California Resources Corporation (CRC) has an average correlation of about -0.138 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is CRC positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for CRC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.7% of all pairs.
Explore the full interactive correlation distribution for CRC.
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