EOG Resources, Inc. (EOG) Correlation Distribution
Across 6,809 rolling correlation observations between EOG Resources, Inc. (EOG) and other NASDAQ-listed stocks, 38.6% are positive and 61.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.164, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.3% and strong negative correlations (≤−0.7) for 22.2%.
- Total observations
- 6,809
- Mean correlation
- -0.164
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.6%
- Strong positive (≥0.7)
- 6.3%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 108 | 1.6% | |
| -0.9 to -0.8 | 703 | 10.3% | |
| -0.8 to -0.7 | 702 | 10.3% | |
| -0.7 to -0.6 | 481 | 7.1% | |
| -0.6 to -0.5 | 481 | 7.1% | |
| -0.5 to -0.4 | 328 | 4.8% | |
| -0.4 to -0.3 | 328 | 4.8% | |
| -0.3 to -0.2 | 353 | 5.2% | |
| -0.2 to -0.1 | 352 | 5.2% | |
| -0.1 to 0.0 | 346 | 5.1% | |
| 0.0 to 0.1 | 345 | 5.1% | |
| 0.1 to 0.2 | 314 | 4.6% | |
| 0.2 to 0.3 | 314 | 4.6% | |
| 0.3 to 0.4 | 304 | 4.5% | |
| 0.4 to 0.5 | 304 | 4.5% | |
| 0.5 to 0.6 | 310 | 4.6% | |
| 0.6 to 0.7 | 309 | 4.5% | |
| 0.7 to 0.8 | 188 | 2.8% | |
| 0.8 to 0.9 | 188 | 2.8% | |
| 0.9 to 1.0 | 51 | 0.7% |
Frequently asked questions
What is the average correlation of EOG?
EOG Resources, Inc. (EOG) has an average correlation of about -0.164 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EOG positively correlated with other stocks?
Not predominantly — 38.6% of pairs are positive and 61.4% are negative. Strong positive correlations (≥0.7) make up 6.3%.
What is the most common correlation range for EOG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 29.7% of all pairs.
Explore the full interactive correlation distribution for EOG.
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