ENLC (ENLC) Correlation Distribution
Across 6,803 rolling correlation observations between ENLC (ENLC) and other NASDAQ-listed stocks, 36.8% are positive and 63.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.184, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 30%.
- Total observations
- 6,803
- Mean correlation
- -0.184
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.8%
- Strong positive (≥0.7)
- 13.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 167 | 2.5% | |
| -0.9 to -0.8 | 937 | 13.8% | |
| -0.8 to -0.7 | 936 | 13.8% | |
| -0.7 to -0.6 | 520 | 7.6% | |
| -0.6 to -0.5 | 520 | 7.6% | |
| -0.5 to -0.4 | 278 | 4.1% | |
| -0.4 to -0.3 | 277 | 4.1% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 230 | 3.4% | |
| -0.1 to 0.0 | 203 | 3.0% | |
| 0.0 to 0.1 | 203 | 3.0% | |
| 0.1 to 0.2 | 192 | 2.8% | |
| 0.2 to 0.3 | 191 | 2.8% | |
| 0.3 to 0.4 | 197 | 2.9% | |
| 0.4 to 0.5 | 196 | 2.9% | |
| 0.5 to 0.6 | 312 | 4.6% | |
| 0.6 to 0.7 | 311 | 4.6% | |
| 0.7 to 0.8 | 394 | 5.8% | |
| 0.8 to 0.9 | 394 | 5.8% | |
| 0.9 to 1.0 | 114 | 1.7% |
Frequently asked questions
What is the average correlation of ENLC?
ENLC (ENLC) has an average correlation of about -0.184 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is ENLC positively correlated with other stocks?
Not predominantly — 36.8% of pairs are positive and 63.2% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for ENLC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for ENLC.
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