Granite Ridge Resources, Inc. (GRNT) Correlation Distribution
Across 6,441 rolling correlation observations between Granite Ridge Resources, Inc. (GRNT) and other NASDAQ-listed stocks, 57.4% are positive and 42.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.101, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,441
- Mean correlation
- 0.101
- Most common range
- 0.3 to 0.4
- Positive pairs
- 57.4%
- Strong positive (≥0.7)
- 2.9%
- 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 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 74 | 1.1% | |
| -0.6 to -0.5 | 74 | 1.1% | |
| -0.5 to -0.4 | 526 | 8.2% | |
| -0.4 to -0.3 | 526 | 8.2% | |
| -0.3 to -0.2 | 536 | 8.3% | |
| -0.2 to -0.1 | 535 | 8.3% | |
| -0.1 to 0.0 | 465 | 7.2% | |
| 0.0 to 0.1 | 465 | 7.2% | |
| 0.1 to 0.2 | 458 | 7.1% | |
| 0.2 to 0.3 | 457 | 7.1% | |
| 0.3 to 0.4 | 585 | 9.1% | |
| 0.4 to 0.5 | 585 | 9.1% | |
| 0.5 to 0.6 | 483 | 7.5% | |
| 0.6 to 0.7 | 483 | 7.5% | |
| 0.7 to 0.8 | 92 | 1.4% | |
| 0.8 to 0.9 | 92 | 1.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GRNT?
Granite Ridge Resources, Inc. (GRNT) has an average correlation of about 0.101 with other NASDAQ stocks, based on 6,441 pairwise observations.
Is GRNT positively correlated with other stocks?
Mostly yes — 57.4% of pairs are positive and 42.6% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for GRNT?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45.3% of all pairs.
Explore the full interactive correlation distribution for GRNT.
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