Vaalco Energy, Inc. (EGY) Correlation Distribution
Across 6,809 rolling correlation observations between Vaalco Energy, Inc. (EGY) and other NASDAQ-listed stocks, 41.6% are positive and 58.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- -0.087
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.6%
- Strong positive (≥0.7)
- 2.3%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 134 | 2.0% | |
| -0.8 to -0.7 | 133 | 2.0% | |
| -0.7 to -0.6 | 603 | 8.9% | |
| -0.6 to -0.5 | 602 | 8.8% | |
| -0.5 to -0.4 | 538 | 7.9% | |
| -0.4 to -0.3 | 537 | 7.9% | |
| -0.3 to -0.2 | 494 | 7.3% | |
| -0.2 to -0.1 | 493 | 7.2% | |
| -0.1 to 0.0 | 441 | 6.5% | |
| 0.0 to 0.1 | 441 | 6.5% | |
| 0.1 to 0.2 | 407 | 6.0% | |
| 0.2 to 0.3 | 407 | 6.0% | |
| 0.3 to 0.4 | 423 | 6.2% | |
| 0.4 to 0.5 | 422 | 6.2% | |
| 0.5 to 0.6 | 289 | 4.2% | |
| 0.6 to 0.7 | 288 | 4.2% | |
| 0.7 to 0.8 | 78 | 1.1% | |
| 0.8 to 0.9 | 78 | 1.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of EGY?
Vaalco Energy, Inc. (EGY) has an average correlation of about -0.087 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EGY positively correlated with other stocks?
Not predominantly — 41.6% of pairs are positive and 58.4% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for EGY?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 39.4% of all pairs.
Explore the full interactive correlation distribution for EGY.
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