Duke Energy Corporation (DUK) Correlation Distribution
Across 6,809 rolling correlation observations between Duke Energy Corporation (DUK) and other NASDAQ-listed stocks, 54% are positive and 46% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.076, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.076
- Most common range
- -0.3 to -0.2
- Positive pairs
- 54%
- Strong positive (≥0.7)
- 4.3%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 163 | 2.4% | |
| -0.6 to -0.5 | 163 | 2.4% | |
| -0.5 to -0.4 | 433 | 6.4% | |
| -0.4 to -0.3 | 433 | 6.4% | |
| -0.3 to -0.2 | 626 | 9.2% | |
| -0.2 to -0.1 | 625 | 9.2% | |
| -0.1 to 0.0 | 608 | 8.9% | |
| 0.0 to 0.1 | 607 | 8.9% | |
| 0.1 to 0.2 | 439 | 6.4% | |
| 0.2 to 0.3 | 438 | 6.4% | |
| 0.3 to 0.4 | 439 | 6.4% | |
| 0.4 to 0.5 | 438 | 6.4% | |
| 0.5 to 0.6 | 514 | 7.5% | |
| 0.6 to 0.7 | 513 | 7.5% | |
| 0.7 to 0.8 | 143 | 2.1% | |
| 0.8 to 0.9 | 143 | 2.1% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of DUK?
Duke Energy Corporation (DUK) has an average correlation of about 0.076 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DUK positively correlated with other stocks?
Mostly yes — 54% of pairs are positive and 46% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for DUK?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 49.1% of all pairs.
Explore the full interactive correlation distribution for DUK.
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