Entergy Corporation (ETR) Correlation Distribution
Across 6,809 rolling correlation observations between Entergy Corporation (ETR) and other NASDAQ-listed stocks, 41.6% are positive and 58.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- -0.016
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.6%
- Strong positive (≥0.7)
- 7%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 238 | 3.5% | |
| -0.6 to -0.5 | 237 | 3.5% | |
| -0.5 to -0.4 | 793 | 11.6% | |
| -0.4 to -0.3 | 792 | 11.6% | |
| -0.3 to -0.2 | 702 | 10.3% | |
| -0.2 to -0.1 | 702 | 10.3% | |
| -0.1 to 0.0 | 424 | 6.2% | |
| 0.0 to 0.1 | 423 | 6.2% | |
| 0.1 to 0.2 | 312 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 330 | 4.8% | |
| 0.6 to 0.7 | 329 | 4.8% | |
| 0.7 to 0.8 | 230 | 3.4% | |
| 0.8 to 0.9 | 229 | 3.4% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of ETR?
Entergy Corporation (ETR) has an average correlation of about -0.016 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ETR positively correlated with other stocks?
Not predominantly — 41.6% of pairs are positive and 58.4% are negative. Strong positive correlations (≥0.7) make up 7%.
What is the most common correlation range for ETR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.2% of all pairs.
Explore the full interactive correlation distribution for ETR.
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