Genesis Energy, L.P. (GEL) Correlation Distribution
Across 6,809 rolling correlation observations between Genesis Energy, L.P. (GEL) and other NASDAQ-listed stocks, 43.6% are positive and 56.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- -0.032
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.6%
- Strong positive (≥0.7)
- 6%
- Sector
- Pipe Lines (No Natural Gas)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 105 | 1.5% | |
| -0.8 to -0.7 | 105 | 1.5% | |
| -0.7 to -0.6 | 530 | 7.8% | |
| -0.6 to -0.5 | 529 | 7.8% | |
| -0.5 to -0.4 | 600 | 8.8% | |
| -0.4 to -0.3 | 600 | 8.8% | |
| -0.3 to -0.2 | 507 | 7.4% | |
| -0.2 to -0.1 | 507 | 7.4% | |
| -0.1 to 0.0 | 356 | 5.2% | |
| 0.0 to 0.1 | 355 | 5.2% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 346 | 5.1% | |
| 0.4 to 0.5 | 346 | 5.1% | |
| 0.5 to 0.6 | 452 | 6.6% | |
| 0.6 to 0.7 | 451 | 6.6% | |
| 0.7 to 0.8 | 204 | 3.0% | |
| 0.8 to 0.9 | 204 | 3.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GEL?
Genesis Energy, L.P. (GEL) has an average correlation of about -0.032 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GEL positively correlated with other stocks?
Not predominantly — 43.6% of pairs are positive and 56.4% are negative. Strong positive correlations (≥0.7) make up 6%.
What is the most common correlation range for GEL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.3% of all pairs.
Explore the full interactive correlation distribution for GEL.
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