ENI S.p.A. (E) Correlation Distribution
Across 6,809 rolling correlation observations between ENI S.p.A. (E) and other NASDAQ-listed stocks, 41.3% are positive and 58.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.075, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6% and strong negative correlations (≤−0.7) for 6.5%.
- Total observations
- 6,809
- Mean correlation
- -0.075
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.3%
- Strong positive (≥0.7)
- 6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 222 | 3.3% | |
| -0.8 to -0.7 | 222 | 3.3% | |
| -0.7 to -0.6 | 630 | 9.3% | |
| -0.6 to -0.5 | 630 | 9.3% | |
| -0.5 to -0.4 | 548 | 8.0% | |
| -0.4 to -0.3 | 548 | 8.0% | |
| -0.3 to -0.2 | 427 | 6.3% | |
| -0.2 to -0.1 | 427 | 6.3% | |
| -0.1 to 0.0 | 343 | 5.0% | |
| 0.0 to 0.1 | 343 | 5.0% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 338 | 5.0% | |
| 0.4 to 0.5 | 338 | 5.0% | |
| 0.5 to 0.6 | 420 | 6.2% | |
| 0.6 to 0.7 | 420 | 6.2% | |
| 0.7 to 0.8 | 203 | 3.0% | |
| 0.8 to 0.9 | 203 | 3.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of E?
ENI S.p.A. (E) has an average correlation of about -0.075 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is E positively correlated with other stocks?
Not predominantly — 41.3% of pairs are positive and 58.7% are negative. Strong positive correlations (≥0.7) make up 6%.
What is the most common correlation range for E?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for E.
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