Chevron Corporation (CVX) Correlation Distribution
Across 6,809 rolling correlation observations between Chevron Corporation (CVX) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.182, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 22.3%.
- Total observations
- 6,809
- Mean correlation
- -0.182
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 3.8%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 51 | 0.7% | |
| -0.9 to -0.8 | 735 | 10.8% | |
| -0.8 to -0.7 | 734 | 10.8% | |
| -0.7 to -0.6 | 489 | 7.2% | |
| -0.6 to -0.5 | 489 | 7.2% | |
| -0.5 to -0.4 | 380 | 5.6% | |
| -0.4 to -0.3 | 379 | 5.6% | |
| -0.3 to -0.2 | 318 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 311 | 4.6% | |
| 0.1 to 0.2 | 340 | 5.0% | |
| 0.2 to 0.3 | 339 | 5.0% | |
| 0.3 to 0.4 | 402 | 5.9% | |
| 0.4 to 0.5 | 401 | 5.9% | |
| 0.5 to 0.6 | 278 | 4.1% | |
| 0.6 to 0.7 | 277 | 4.1% | |
| 0.7 to 0.8 | 111 | 1.6% | |
| 0.8 to 0.9 | 111 | 1.6% | |
| 0.9 to 1.0 | 34 | 0.5% |
Frequently asked questions
What is the average correlation of CVX?
Chevron Corporation (CVX) has an average correlation of about -0.182 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CVX positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for CVX?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 28.5% of all pairs.
Explore the full interactive correlation distribution for CVX.
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