Crescent Energy Company (CRGY) Correlation Distribution
Across 6,791 rolling correlation observations between Crescent Energy Company (CRGY) and other NASDAQ-listed stocks, 68.3% are positive and 31.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.185, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,791
- Mean correlation
- 0.185
- Most common range
- 0.3 to 0.4
- Positive pairs
- 68.3%
- Strong positive (≥0.7)
- 1.3%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 125 | 1.8% | |
| -0.6 to -0.5 | 124 | 1.8% | |
| -0.5 to -0.4 | 314 | 4.6% | |
| -0.4 to -0.3 | 314 | 4.6% | |
| -0.3 to -0.2 | 432 | 6.4% | |
| -0.2 to -0.1 | 432 | 6.4% | |
| -0.1 to 0.0 | 399 | 5.9% | |
| 0.0 to 0.1 | 399 | 5.9% | |
| 0.1 to 0.2 | 484 | 7.1% | |
| 0.2 to 0.3 | 484 | 7.1% | |
| 0.3 to 0.4 | 848 | 12.5% | |
| 0.4 to 0.5 | 848 | 12.5% | |
| 0.5 to 0.6 | 746 | 11.0% | |
| 0.6 to 0.7 | 746 | 11.0% | |
| 0.7 to 0.8 | 43 | 0.6% | |
| 0.8 to 0.9 | 43 | 0.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CRGY?
Crescent Energy Company (CRGY) has an average correlation of about 0.185 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is CRGY positively correlated with other stocks?
Mostly yes — 68.3% of pairs are positive and 31.7% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for CRGY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 38.7% of all pairs.
Explore the full interactive correlation distribution for CRGY.
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