Enerflex Ltd. (EFXT) Correlation Distribution
Across 6,468 rolling correlation observations between Enerflex Ltd. (EFXT) and other NASDAQ-listed stocks, 59.5% are positive and 40.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.124, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,468
- Mean correlation
- 0.124
- Most common range
- -0.3 to -0.2
- Positive pairs
- 59.5%
- Strong positive (≥0.7)
- 3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 85 | 1.3% | |
| -0.6 to -0.5 | 84 | 1.3% | |
| -0.5 to -0.4 | 339 | 5.2% | |
| -0.4 to -0.3 | 338 | 5.2% | |
| -0.3 to -0.2 | 623 | 9.6% | |
| -0.2 to -0.1 | 622 | 9.6% | |
| -0.1 to 0.0 | 523 | 8.1% | |
| 0.0 to 0.1 | 523 | 8.1% | |
| 0.1 to 0.2 | 460 | 7.1% | |
| 0.2 to 0.3 | 460 | 7.1% | |
| 0.3 to 0.4 | 595 | 9.2% | |
| 0.4 to 0.5 | 595 | 9.2% | |
| 0.5 to 0.6 | 510 | 7.9% | |
| 0.6 to 0.7 | 510 | 7.9% | |
| 0.7 to 0.8 | 99 | 1.5% | |
| 0.8 to 0.9 | 98 | 1.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of EFXT?
Enerflex Ltd. (EFXT) has an average correlation of about 0.124 with other NASDAQ stocks, based on 6,468 pairwise observations.
Is EFXT positively correlated with other stocks?
Mostly yes — 59.5% of pairs are positive and 40.5% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for EFXT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 49.6% of all pairs.
Explore the full interactive correlation distribution for EFXT.
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