Energy Transfer LP Common Units representing limited partner interests (ET) Correlation Distribution
Across 6,809 rolling correlation observations between Energy Transfer LP Common Units representing limited partner interests (ET) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.145, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.8% and strong negative correlations (≤−0.7) for 24.5%.
- Total observations
- 6,809
- Mean correlation
- -0.145
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 16.8%
- Sector
- Natural Gas Transmission
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 23 | 0.3% | |
| -0.9 to -0.8 | 821 | 12.1% | |
| -0.8 to -0.7 | 821 | 12.1% | |
| -0.7 to -0.6 | 651 | 9.6% | |
| -0.6 to -0.5 | 651 | 9.6% | |
| -0.5 to -0.4 | 316 | 4.6% | |
| -0.4 to -0.3 | 315 | 4.6% | |
| -0.3 to -0.2 | 220 | 3.2% | |
| -0.2 to -0.1 | 220 | 3.2% | |
| -0.1 to 0.0 | 200 | 2.9% | |
| 0.0 to 0.1 | 200 | 2.9% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 187 | 2.7% | |
| 0.3 to 0.4 | 186 | 2.7% | |
| 0.4 to 0.5 | 186 | 2.7% | |
| 0.5 to 0.6 | 240 | 3.5% | |
| 0.6 to 0.7 | 239 | 3.5% | |
| 0.7 to 0.8 | 426 | 6.3% | |
| 0.8 to 0.9 | 426 | 6.3% | |
| 0.9 to 1.0 | 293 | 4.3% |
Frequently asked questions
What is the average correlation of ET?
Energy Transfer LP Common Units representing limited partner interests (ET) has an average correlation of about -0.145 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ET positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 16.8%.
What is the most common correlation range for ET?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for ET.
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