ENER (ENER) Correlation Distribution
Across 6,120 rolling correlation observations between ENER (ENER) and other NASDAQ-listed stocks, 28.2% are positive and 71.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.302, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 35.3%.
- Total observations
- 6,120
- Mean correlation
- -0.302
- Most common range
- -0.9 to -0.8
- Positive pairs
- 28.2%
- Strong positive (≥0.7)
- 10.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 251 | 4.1% | |
| -0.9 to -0.8 | 955 | 15.6% | |
| -0.8 to -0.7 | 955 | 15.6% | |
| -0.7 to -0.6 | 579 | 9.5% | |
| -0.6 to -0.5 | 578 | 9.4% | |
| -0.5 to -0.4 | 276 | 4.5% | |
| -0.4 to -0.3 | 276 | 4.5% | |
| -0.3 to -0.2 | 193 | 3.2% | |
| -0.2 to -0.1 | 193 | 3.2% | |
| -0.1 to 0.0 | 140 | 2.3% | |
| 0.0 to 0.1 | 140 | 2.3% | |
| 0.1 to 0.2 | 176 | 2.9% | |
| 0.2 to 0.3 | 175 | 2.9% | |
| 0.3 to 0.4 | 146 | 2.4% | |
| 0.4 to 0.5 | 146 | 2.4% | |
| 0.5 to 0.6 | 157 | 2.6% | |
| 0.6 to 0.7 | 157 | 2.6% | |
| 0.7 to 0.8 | 212 | 3.5% | |
| 0.8 to 0.9 | 212 | 3.5% | |
| 0.9 to 1.0 | 203 | 3.3% |
Frequently asked questions
What is the average correlation of ENER?
ENER (ENER) has an average correlation of about -0.302 with other NASDAQ stocks, based on 6,120 pairwise observations.
Is ENER positively correlated with other stocks?
Not predominantly — 28.2% of pairs are positive and 71.8% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for ENER?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for ENER.
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