New Concept Energy Inc (GBR) Correlation Distribution
Across 6,809 rolling correlation observations between New Concept Energy Inc (GBR) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.2% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.309
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 22.2%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 10 | 0.1% | |
| -0.7 to -0.6 | 102 | 1.5% | |
| -0.6 to -0.5 | 101 | 1.5% | |
| -0.5 to -0.4 | 352 | 5.2% | |
| -0.4 to -0.3 | 351 | 5.2% | |
| -0.3 to -0.2 | 320 | 4.7% | |
| -0.2 to -0.1 | 320 | 4.7% | |
| -0.1 to 0.0 | 338 | 5.0% | |
| 0.0 to 0.1 | 337 | 4.9% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 422 | 6.2% | |
| 0.4 to 0.5 | 421 | 6.2% | |
| 0.5 to 0.6 | 800 | 11.7% | |
| 0.6 to 0.7 | 799 | 11.7% | |
| 0.7 to 0.8 | 684 | 10.0% | |
| 0.8 to 0.9 | 683 | 10.0% | |
| 0.9 to 1.0 | 147 | 2.2% |
Frequently asked questions
What is the average correlation of GBR?
New Concept Energy Inc (GBR) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GBR positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 22.2%.
What is the most common correlation range for GBR?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.3% of all pairs.
Explore the full interactive correlation distribution for GBR.
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