Evolution Petroleum Corporation (EPM) Correlation Distribution
Across 6,809 rolling correlation observations between Evolution Petroleum Corporation (EPM) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.2% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.106
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 3.2%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 182 | 2.7% | |
| -0.8 to -0.7 | 182 | 2.7% | |
| -0.7 to -0.6 | 627 | 9.2% | |
| -0.6 to -0.5 | 626 | 9.2% | |
| -0.5 to -0.4 | 522 | 7.7% | |
| -0.4 to -0.3 | 521 | 7.7% | |
| -0.3 to -0.2 | 439 | 6.4% | |
| -0.2 to -0.1 | 438 | 6.4% | |
| -0.1 to 0.0 | 477 | 7.0% | |
| 0.0 to 0.1 | 476 | 7.0% | |
| 0.1 to 0.2 | 471 | 6.9% | |
| 0.2 to 0.3 | 470 | 6.9% | |
| 0.3 to 0.4 | 359 | 5.3% | |
| 0.4 to 0.5 | 358 | 5.3% | |
| 0.5 to 0.6 | 220 | 3.2% | |
| 0.6 to 0.7 | 219 | 3.2% | |
| 0.7 to 0.8 | 108 | 1.6% | |
| 0.8 to 0.9 | 108 | 1.6% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of EPM?
Evolution Petroleum Corporation (EPM) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EPM positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 3.2%.
What is the most common correlation range for EPM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 40.7% of all pairs.
Explore the full interactive correlation distribution for EPM.
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