Devon Energy Corporation (DVN) Correlation Distribution
Across 6,809 rolling correlation observations between Devon Energy Corporation (DVN) and other NASDAQ-listed stocks, 42.3% are positive and 57.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 8.6%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 42.3%
- Strong positive (≥0.7)
- 4.8%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 291 | 4.3% | |
| -0.8 to -0.7 | 291 | 4.3% | |
| -0.7 to -0.6 | 554 | 8.1% | |
| -0.6 to -0.5 | 553 | 8.1% | |
| -0.5 to -0.4 | 484 | 7.1% | |
| -0.4 to -0.3 | 483 | 7.1% | |
| -0.3 to -0.2 | 410 | 6.0% | |
| -0.2 to -0.1 | 409 | 6.0% | |
| -0.1 to 0.0 | 452 | 6.6% | |
| 0.0 to 0.1 | 452 | 6.6% | |
| 0.1 to 0.2 | 444 | 6.5% | |
| 0.2 to 0.3 | 444 | 6.5% | |
| 0.3 to 0.4 | 361 | 5.3% | |
| 0.4 to 0.5 | 361 | 5.3% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 156 | 2.3% | |
| 0.8 to 0.9 | 156 | 2.3% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of DVN?
Devon Energy Corporation (DVN) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DVN positively correlated with other stocks?
Not predominantly — 42.3% of pairs are positive and 57.7% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for DVN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 38.3% of all pairs.
Explore the full interactive correlation distribution for DVN.
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