ERF (ERF) Correlation Distribution
Across 6,668 rolling correlation observations between ERF (ERF) and other NASDAQ-listed stocks, 34.8% are positive and 65.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.216, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 30.5%.
- Total observations
- 6,668
- Mean correlation
- -0.216
- Most common range
- -0.9 to -0.8
- Positive pairs
- 34.8%
- Strong positive (≥0.7)
- 9.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 277 | 4.2% | |
| -0.9 to -0.8 | 878 | 13.2% | |
| -0.8 to -0.7 | 877 | 13.2% | |
| -0.7 to -0.6 | 465 | 7.0% | |
| -0.6 to -0.5 | 465 | 7.0% | |
| -0.5 to -0.4 | 331 | 5.0% | |
| -0.4 to -0.3 | 331 | 5.0% | |
| -0.3 to -0.2 | 257 | 3.9% | |
| -0.2 to -0.1 | 256 | 3.8% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 236 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 308 | 4.6% | |
| 0.6 to 0.7 | 308 | 4.6% | |
| 0.7 to 0.8 | 257 | 3.9% | |
| 0.8 to 0.9 | 257 | 3.9% | |
| 0.9 to 1.0 | 111 | 1.7% |
Frequently asked questions
What is the average correlation of ERF?
ERF (ERF) has an average correlation of about -0.216 with other NASDAQ stocks, based on 6,668 pairwise observations.
Is ERF positively correlated with other stocks?
Not predominantly — 34.8% of pairs are positive and 65.2% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for ERF?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for ERF.
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