HighPeak Energy, Inc. Warrant (HPKEW) Correlation Distribution
Across 6,698 rolling correlation observations between HighPeak Energy, Inc. Warrant (HPKEW) and other NASDAQ-listed stocks, 33.4% are positive and 66.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.13, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.8% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,698
- Mean correlation
- -0.13
- Most common range
- -0.5 to -0.4
- Positive pairs
- 33.4%
- Strong positive (≥0.7)
- 2.8%
- Sector
- Drilling Oil & Gas Wells
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 120 | 1.8% | |
| -0.8 to -0.7 | 120 | 1.8% | |
| -0.7 to -0.6 | 391 | 5.8% | |
| -0.6 to -0.5 | 391 | 5.8% | |
| -0.5 to -0.4 | 811 | 12.1% | |
| -0.4 to -0.3 | 810 | 12.1% | |
| -0.3 to -0.2 | 660 | 9.9% | |
| -0.2 to -0.1 | 660 | 9.9% | |
| -0.1 to 0.0 | 500 | 7.5% | |
| 0.0 to 0.1 | 500 | 7.5% | |
| 0.1 to 0.2 | 345 | 5.2% | |
| 0.2 to 0.3 | 345 | 5.2% | |
| 0.3 to 0.4 | 251 | 3.7% | |
| 0.4 to 0.5 | 250 | 3.7% | |
| 0.5 to 0.6 | 177 | 2.6% | |
| 0.6 to 0.7 | 176 | 2.6% | |
| 0.7 to 0.8 | 95 | 1.4% | |
| 0.8 to 0.9 | 94 | 1.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of HPKEW?
HighPeak Energy, Inc. Warrant (HPKEW) has an average correlation of about -0.13 with other NASDAQ stocks, based on 6,698 pairwise observations.
Is HPKEW positively correlated with other stocks?
Not predominantly — 33.4% of pairs are positive and 66.6% are negative. Strong positive correlations (≥0.7) make up 2.8%.
What is the most common correlation range for HPKEW?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 44.9% of all pairs.
Explore the full interactive correlation distribution for HPKEW.
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