EQT CORP (EQT) Correlation Distribution
Across 6,809 rolling correlation observations between EQT CORP (EQT) and other NASDAQ-listed stocks, 35.7% are positive and 64.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.197, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 22.7%.
- Total observations
- 6,809
- Mean correlation
- -0.197
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.7%
- Strong positive (≥0.7)
- 5.1%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 770 | 11.3% | |
| -0.8 to -0.7 | 770 | 11.3% | |
| -0.7 to -0.6 | 599 | 8.8% | |
| -0.6 to -0.5 | 599 | 8.8% | |
| -0.5 to -0.4 | 379 | 5.6% | |
| -0.4 to -0.3 | 378 | 5.6% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 283 | 4.2% | |
| 0.0 to 0.1 | 283 | 4.2% | |
| 0.1 to 0.2 | 260 | 3.8% | |
| 0.2 to 0.3 | 260 | 3.8% | |
| 0.3 to 0.4 | 301 | 4.4% | |
| 0.4 to 0.5 | 301 | 4.4% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 167 | 2.5% | |
| 0.8 to 0.9 | 167 | 2.5% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of EQT?
EQT CORP (EQT) has an average correlation of about -0.197 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EQT positively correlated with other stocks?
Not predominantly — 35.7% of pairs are positive and 64.3% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for EQT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for EQT.
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