Empire Petroleum Corporation (EP) Correlation Distribution
Across 6,742 rolling correlation observations between Empire Petroleum Corporation (EP) and other NASDAQ-listed stocks, 60.6% are positive and 39.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.153, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.4% and strong negative correlations (≤−0.7) for 9.7%.
- Total observations
- 6,742
- Mean correlation
- 0.153
- Most common range
- 0.7 to 0.8
- Positive pairs
- 60.6%
- Strong positive (≥0.7)
- 25.4%
- Sector
- Natural Gas Transmission
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 326 | 4.8% | |
| -0.8 to -0.7 | 326 | 4.8% | |
| -0.7 to -0.6 | 380 | 5.6% | |
| -0.6 to -0.5 | 379 | 5.6% | |
| -0.5 to -0.4 | 284 | 4.2% | |
| -0.4 to -0.3 | 283 | 4.2% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 228 | 3.4% | |
| 0.0 to 0.1 | 227 | 3.4% | |
| 0.1 to 0.2 | 258 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 328 | 4.9% | |
| 0.4 to 0.5 | 327 | 4.9% | |
| 0.5 to 0.6 | 489 | 7.3% | |
| 0.6 to 0.7 | 489 | 7.3% | |
| 0.7 to 0.8 | 829 | 12.3% | |
| 0.8 to 0.9 | 828 | 12.3% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of EP?
Empire Petroleum Corporation (EP) has an average correlation of about 0.153 with other NASDAQ stocks, based on 6,742 pairwise observations.
Is EP positively correlated with other stocks?
Mostly yes — 60.6% of pairs are positive and 39.4% are negative. Strong positive correlations (≥0.7) make up 25.4%.
What is the most common correlation range for EP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for EP.
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