Epsilon Energy Ltd. (EPSN) Correlation Distribution
Across 6,809 rolling correlation observations between Epsilon Energy Ltd. (EPSN) and other NASDAQ-listed stocks, 44.4% are positive and 55.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 5.3%.
- Total observations
- 6,809
- Mean correlation
- -0.064
- Most common range
- -0.7 to -0.6
- Positive pairs
- 44.4%
- Strong positive (≥0.7)
- 3%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 180 | 2.6% | |
| -0.8 to -0.7 | 179 | 2.6% | |
| -0.7 to -0.6 | 525 | 7.7% | |
| -0.6 to -0.5 | 524 | 7.7% | |
| -0.5 to -0.4 | 522 | 7.7% | |
| -0.4 to -0.3 | 522 | 7.7% | |
| -0.3 to -0.2 | 446 | 6.6% | |
| -0.2 to -0.1 | 445 | 6.5% | |
| -0.1 to 0.0 | 441 | 6.5% | |
| 0.0 to 0.1 | 441 | 6.5% | |
| 0.1 to 0.2 | 406 | 6.0% | |
| 0.2 to 0.3 | 405 | 5.9% | |
| 0.3 to 0.4 | 467 | 6.9% | |
| 0.4 to 0.5 | 467 | 6.9% | |
| 0.5 to 0.6 | 318 | 4.7% | |
| 0.6 to 0.7 | 318 | 4.7% | |
| 0.7 to 0.8 | 101 | 1.5% | |
| 0.8 to 0.9 | 101 | 1.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of EPSN?
Epsilon Energy Ltd. (EPSN) has an average correlation of about -0.064 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EPSN positively correlated with other stocks?
Not predominantly — 44.4% of pairs are positive and 55.6% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for EPSN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 37.9% of all pairs.
Explore the full interactive correlation distribution for EPSN.
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