Forum Energy Technologies, Inc. (FET) Correlation Distribution
Across 6,809 rolling correlation observations between Forum Energy Technologies, Inc. (FET) and other NASDAQ-listed stocks, 46.7% are positive and 53.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.01, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.5% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- -0.01
- Most common range
- -0.1 to 0.0
- Positive pairs
- 46.7%
- Strong positive (≥0.7)
- 3.5%
- Sector
- Oil & Gas Field Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 230 | 3.4% | |
| -0.6 to -0.5 | 230 | 3.4% | |
| -0.5 to -0.4 | 502 | 7.4% | |
| -0.4 to -0.3 | 502 | 7.4% | |
| -0.3 to -0.2 | 689 | 10.1% | |
| -0.2 to -0.1 | 688 | 10.1% | |
| -0.1 to 0.0 | 693 | 10.2% | |
| 0.0 to 0.1 | 692 | 10.2% | |
| 0.1 to 0.2 | 538 | 7.9% | |
| 0.2 to 0.3 | 538 | 7.9% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 231 | 3.4% | |
| 0.6 to 0.7 | 231 | 3.4% | |
| 0.7 to 0.8 | 117 | 1.7% | |
| 0.8 to 0.9 | 116 | 1.7% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of FET?
Forum Energy Technologies, Inc. (FET) has an average correlation of about -0.01 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FET positively correlated with other stocks?
Not predominantly — 46.7% of pairs are positive and 53.3% are negative. Strong positive correlations (≥0.7) make up 3.5%.
What is the most common correlation range for FET?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 56.4% of all pairs.
Explore the full interactive correlation distribution for FET.
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