FLEX LNG Ltd. Ordinary Shares (FLNG) Correlation Distribution
Across 6,809 rolling correlation observations between FLEX LNG Ltd. Ordinary Shares (FLNG) 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 -0.181, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 22.1%.
- Total observations
- 6,809
- Mean correlation
- -0.181
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 95 | 1.4% | |
| -0.9 to -0.8 | 707 | 10.4% | |
| -0.8 to -0.7 | 706 | 10.4% | |
| -0.7 to -0.6 | 515 | 7.6% | |
| -0.6 to -0.5 | 515 | 7.6% | |
| -0.5 to -0.4 | 379 | 5.6% | |
| -0.4 to -0.3 | 378 | 5.6% | |
| -0.3 to -0.2 | 320 | 4.7% | |
| -0.2 to -0.1 | 320 | 4.7% | |
| -0.1 to 0.0 | 300 | 4.4% | |
| 0.0 to 0.1 | 299 | 4.4% | |
| 0.1 to 0.2 | 326 | 4.8% | |
| 0.2 to 0.3 | 326 | 4.8% | |
| 0.3 to 0.4 | 344 | 5.1% | |
| 0.4 to 0.5 | 343 | 5.0% | |
| 0.5 to 0.6 | 297 | 4.4% | |
| 0.6 to 0.7 | 296 | 4.3% | |
| 0.7 to 0.8 | 159 | 2.3% | |
| 0.8 to 0.9 | 159 | 2.3% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of FLNG?
FLEX LNG Ltd. Ordinary Shares (FLNG) has an average correlation of about -0.181 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FLNG 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 5%.
What is the most common correlation range for FLNG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for FLNG.
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