ENERW (ENERW) Correlation Distribution
Across 5,946 rolling correlation observations between ENERW (ENERW) and other NASDAQ-listed stocks, 77.9% are positive and 22.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.435, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 45.9% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 5,946
- Mean correlation
- 0.435
- Most common range
- 0.7 to 0.8
- Positive pairs
- 77.9%
- Strong positive (≥0.7)
- 45.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 61 | 1.0% | |
| -0.8 to -0.7 | 61 | 1.0% | |
| -0.7 to -0.6 | 181 | 3.0% | |
| -0.6 to -0.5 | 181 | 3.0% | |
| -0.5 to -0.4 | 174 | 2.9% | |
| -0.4 to -0.3 | 173 | 2.9% | |
| -0.3 to -0.2 | 157 | 2.6% | |
| -0.2 to -0.1 | 156 | 2.6% | |
| -0.1 to 0.0 | 171 | 2.9% | |
| 0.0 to 0.1 | 170 | 2.9% | |
| 0.1 to 0.2 | 196 | 3.3% | |
| 0.2 to 0.3 | 195 | 3.3% | |
| 0.3 to 0.4 | 241 | 4.1% | |
| 0.4 to 0.5 | 241 | 4.1% | |
| 0.5 to 0.6 | 430 | 7.2% | |
| 0.6 to 0.7 | 429 | 7.2% | |
| 0.7 to 0.8 | 928 | 15.6% | |
| 0.8 to 0.9 | 927 | 15.6% | |
| 0.9 to 1.0 | 874 | 14.7% |
Frequently asked questions
What is the average correlation of ENERW?
ENERW (ENERW) has an average correlation of about 0.435 with other NASDAQ stocks, based on 5,946 pairwise observations.
Is ENERW positively correlated with other stocks?
Mostly yes — 77.9% of pairs are positive and 22.1% are negative. Strong positive correlations (≥0.7) make up 45.9%.
What is the most common correlation range for ENERW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for ENERW.
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