HighPeak Energy, Inc. Common Stock (HPK) Correlation Distribution
Across 6,808 rolling correlation observations between HighPeak Energy, Inc. Common Stock (HPK) and other NASDAQ-listed stocks, 37.1% are positive and 62.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,808
- Mean correlation
- -0.091
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.1%
- Strong positive (≥0.7)
- 2.1%
- Sector
- Drilling Oil & Gas Wells
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 43 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 339 | 5.0% | |
| -0.6 to -0.5 | 339 | 5.0% | |
| -0.5 to -0.4 | 745 | 10.9% | |
| -0.4 to -0.3 | 744 | 10.9% | |
| -0.3 to -0.2 | 724 | 10.6% | |
| -0.2 to -0.1 | 723 | 10.6% | |
| -0.1 to 0.0 | 580 | 8.5% | |
| 0.0 to 0.1 | 580 | 8.5% | |
| 0.1 to 0.2 | 427 | 6.3% | |
| 0.2 to 0.3 | 427 | 6.3% | |
| 0.3 to 0.4 | 292 | 4.3% | |
| 0.4 to 0.5 | 292 | 4.3% | |
| 0.5 to 0.6 | 183 | 2.7% | |
| 0.6 to 0.7 | 182 | 2.7% | |
| 0.7 to 0.8 | 73 | 1.1% | |
| 0.8 to 0.9 | 72 | 1.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of HPK?
HighPeak Energy, Inc. Common Stock (HPK) has an average correlation of about -0.091 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is HPK positively correlated with other stocks?
Not predominantly — 37.1% of pairs are positive and 62.9% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for HPK?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 50.8% of all pairs.
Explore the full interactive correlation distribution for HPK.
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