Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) Correlation Distribution
Across 6,809 rolling correlation observations between Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) and other NASDAQ-listed stocks, 41.1% are positive and 58.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.107, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 7.6%.
- Total observations
- 6,809
- Mean correlation
- -0.107
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.1%
- Strong positive (≥0.7)
- 3.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 259 | 3.8% | |
| -0.8 to -0.7 | 259 | 3.8% | |
| -0.7 to -0.6 | 570 | 8.4% | |
| -0.6 to -0.5 | 569 | 8.4% | |
| -0.5 to -0.4 | 498 | 7.3% | |
| -0.4 to -0.3 | 498 | 7.3% | |
| -0.3 to -0.2 | 438 | 6.4% | |
| -0.2 to -0.1 | 437 | 6.4% | |
| -0.1 to 0.0 | 482 | 7.1% | |
| 0.0 to 0.1 | 482 | 7.1% | |
| 0.1 to 0.2 | 450 | 6.6% | |
| 0.2 to 0.3 | 449 | 6.6% | |
| 0.3 to 0.4 | 345 | 5.1% | |
| 0.4 to 0.5 | 344 | 5.1% | |
| 0.5 to 0.6 | 241 | 3.5% | |
| 0.6 to 0.7 | 240 | 3.5% | |
| 0.7 to 0.8 | 118 | 1.7% | |
| 0.8 to 0.9 | 118 | 1.7% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of EQNR?
Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) (EQNR) has an average correlation of about -0.107 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EQNR positively correlated with other stocks?
Not predominantly — 41.1% of pairs are positive and 58.9% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for EQNR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 40.2% of all pairs.
Explore the full interactive correlation distribution for EQNR.
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