Helix Energy Solutions Group, Inc. (HLX) Correlation Distribution
Across 6,809 rolling correlation observations between Helix Energy Solutions Group, Inc. (HLX) and other NASDAQ-listed stocks, 35.6% are positive and 64.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.154, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.9% and strong negative correlations (≤−0.7) for 11.7%.
- Total observations
- 6,809
- Mean correlation
- -0.154
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.6%
- Strong positive (≥0.7)
- 9.9%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 393 | 5.8% | |
| -0.8 to -0.7 | 393 | 5.8% | |
| -0.7 to -0.6 | 918 | 13.5% | |
| -0.6 to -0.5 | 917 | 13.5% | |
| -0.5 to -0.4 | 475 | 7.0% | |
| -0.4 to -0.3 | 475 | 7.0% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 288 | 4.2% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 231 | 3.4% | |
| 0.3 to 0.4 | 242 | 3.6% | |
| 0.4 to 0.5 | 241 | 3.5% | |
| 0.5 to 0.6 | 289 | 4.2% | |
| 0.6 to 0.7 | 288 | 4.2% | |
| 0.7 to 0.8 | 292 | 4.3% | |
| 0.8 to 0.9 | 292 | 4.3% | |
| 0.9 to 1.0 | 88 | 1.3% |
Frequently asked questions
What is the average correlation of HLX?
Helix Energy Solutions Group, Inc. (HLX) has an average correlation of about -0.154 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HLX positively correlated with other stocks?
Not predominantly — 35.6% of pairs are positive and 64.4% are negative. Strong positive correlations (≥0.7) make up 9.9%.
What is the most common correlation range for HLX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for HLX.
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