ETRN (ETRN) Correlation Distribution
Across 6,721 rolling correlation observations between ETRN (ETRN) and other NASDAQ-listed stocks, 49.1% are positive and 50.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.03, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,721
- Mean correlation
- 0.03
- Most common range
- -0.1 to 0.0
- Positive pairs
- 49.1%
- Strong positive (≥0.7)
- 2.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 105 | 1.6% | |
| -0.6 to -0.5 | 105 | 1.6% | |
| -0.5 to -0.4 | 288 | 4.3% | |
| -0.4 to -0.3 | 287 | 4.3% | |
| -0.3 to -0.2 | 855 | 12.7% | |
| -0.2 to -0.1 | 855 | 12.7% | |
| -0.1 to 0.0 | 860 | 12.8% | |
| 0.0 to 0.1 | 860 | 12.8% | |
| 0.1 to 0.2 | 490 | 7.3% | |
| 0.2 to 0.3 | 489 | 7.3% | |
| 0.3 to 0.4 | 375 | 5.6% | |
| 0.4 to 0.5 | 374 | 5.6% | |
| 0.5 to 0.6 | 282 | 4.2% | |
| 0.6 to 0.7 | 281 | 4.2% | |
| 0.7 to 0.8 | 71 | 1.1% | |
| 0.8 to 0.9 | 71 | 1.1% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of ETRN?
ETRN (ETRN) has an average correlation of about 0.03 with other NASDAQ stocks, based on 6,721 pairwise observations.
Is ETRN positively correlated with other stocks?
Not predominantly — 49.1% of pairs are positive and 50.9% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for ETRN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 65.6% of all pairs.
Explore the full interactive correlation distribution for ETRN.
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