Comstock Resources, Inc. (CRK) Correlation Distribution
Across 6,809 rolling correlation observations between Comstock Resources, Inc. (CRK) and other NASDAQ-listed stocks, 37.2% are positive and 62.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.129, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- -0.129
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.2%
- Strong positive (≥0.7)
- 2%
- 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 | 93 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 802 | 11.8% | |
| -0.6 to -0.5 | 801 | 11.8% | |
| -0.5 to -0.4 | 599 | 8.8% | |
| -0.4 to -0.3 | 599 | 8.8% | |
| -0.3 to -0.2 | 458 | 6.7% | |
| -0.2 to -0.1 | 457 | 6.7% | |
| -0.1 to 0.0 | 373 | 5.5% | |
| 0.0 to 0.1 | 372 | 5.5% | |
| 0.1 to 0.2 | 350 | 5.1% | |
| 0.2 to 0.3 | 350 | 5.1% | |
| 0.3 to 0.4 | 382 | 5.6% | |
| 0.4 to 0.5 | 381 | 5.6% | |
| 0.5 to 0.6 | 282 | 4.1% | |
| 0.6 to 0.7 | 282 | 4.1% | |
| 0.7 to 0.8 | 68 | 1.0% | |
| 0.8 to 0.9 | 67 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CRK?
Comstock Resources, Inc. (CRK) has an average correlation of about -0.129 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CRK positively correlated with other stocks?
Not predominantly — 37.2% of pairs are positive and 62.8% are negative. Strong positive correlations (≥0.7) make up 2%.
What is the most common correlation range for CRK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 34.7% of all pairs.
Explore the full interactive correlation distribution for CRK.
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