Energy Services of America Corporation Common Stock (ESOA) Correlation Distribution
Across 6,783 rolling correlation observations between Energy Services of America Corporation Common Stock (ESOA) and other NASDAQ-listed stocks, 45.3% are positive and 54.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.009, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.6% and strong negative correlations (≤−0.7) for 9.7%.
- Total observations
- 6,783
- Mean correlation
- -0.009
- Most common range
- -0.7 to -0.6
- Positive pairs
- 45.3%
- Strong positive (≥0.7)
- 17.6%
- Sector
- Water, Sewer, Pipeline, Comm & Power Line Construction
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 327 | 4.8% | |
| -0.8 to -0.7 | 327 | 4.8% | |
| -0.7 to -0.6 | 521 | 7.7% | |
| -0.6 to -0.5 | 521 | 7.7% | |
| -0.5 to -0.4 | 505 | 7.4% | |
| -0.4 to -0.3 | 504 | 7.4% | |
| -0.3 to -0.2 | 357 | 5.3% | |
| -0.2 to -0.1 | 356 | 5.2% | |
| -0.1 to 0.0 | 287 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 244 | 3.6% | |
| 0.4 to 0.5 | 244 | 3.6% | |
| 0.5 to 0.6 | 303 | 4.5% | |
| 0.6 to 0.7 | 303 | 4.5% | |
| 0.7 to 0.8 | 497 | 7.3% | |
| 0.8 to 0.9 | 496 | 7.3% | |
| 0.9 to 1.0 | 199 | 2.9% |
Frequently asked questions
What is the average correlation of ESOA?
Energy Services of America Corporation Common Stock (ESOA) has an average correlation of about -0.009 with other NASDAQ stocks, based on 6,783 pairwise observations.
Is ESOA positively correlated with other stocks?
Not predominantly — 45.3% of pairs are positive and 54.7% are negative. Strong positive correlations (≥0.7) make up 17.6%.
What is the most common correlation range for ESOA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for ESOA.
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