Cross Timbers Royalty Trust (CRT) Correlation Distribution
Across 6,809 rolling correlation observations between Cross Timbers Royalty Trust (CRT) and other NASDAQ-listed stocks, 35.1% are positive and 64.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 6.1%.
- Total observations
- 6,809
- Mean correlation
- -0.138
- Most common range
- -0.5 to -0.4
- Positive pairs
- 35.1%
- Strong positive (≥0.7)
- 3.6%
- Sector
- Oil Royalty Traders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 204 | 3.0% | |
| -0.8 to -0.7 | 204 | 3.0% | |
| -0.7 to -0.6 | 553 | 8.1% | |
| -0.6 to -0.5 | 552 | 8.1% | |
| -0.5 to -0.4 | 620 | 9.1% | |
| -0.4 to -0.3 | 619 | 9.1% | |
| -0.3 to -0.2 | 581 | 8.5% | |
| -0.2 to -0.1 | 580 | 8.5% | |
| -0.1 to 0.0 | 500 | 7.3% | |
| 0.0 to 0.1 | 500 | 7.3% | |
| 0.1 to 0.2 | 374 | 5.5% | |
| 0.2 to 0.3 | 374 | 5.5% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 191 | 2.8% | |
| 0.6 to 0.7 | 190 | 2.8% | |
| 0.7 to 0.8 | 116 | 1.7% | |
| 0.8 to 0.9 | 116 | 1.7% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of CRT?
Cross Timbers Royalty Trust (CRT) has an average correlation of about -0.138 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CRT positively correlated with other stocks?
Not predominantly — 35.1% of pairs are positive and 64.9% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for CRT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.7% of all pairs.
Explore the full interactive correlation distribution for CRT.
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