Imperial Oil Limited (IMO) Correlation Distribution
Across 6,809 rolling correlation observations between Imperial Oil Limited (IMO) and other NASDAQ-listed stocks, 37.1% are positive and 62.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.176, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 29.5%.
- Total observations
- 6,809
- Mean correlation
- -0.176
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.1%
- Strong positive (≥0.7)
- 14.7%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 131 | 1.9% | |
| -0.9 to -0.8 | 940 | 13.8% | |
| -0.8 to -0.7 | 940 | 13.8% | |
| -0.7 to -0.6 | 537 | 7.9% | |
| -0.6 to -0.5 | 537 | 7.9% | |
| -0.5 to -0.4 | 274 | 4.0% | |
| -0.4 to -0.3 | 273 | 4.0% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 198 | 2.9% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 190 | 2.8% | |
| 0.4 to 0.5 | 189 | 2.8% | |
| 0.5 to 0.6 | 276 | 4.1% | |
| 0.6 to 0.7 | 275 | 4.0% | |
| 0.7 to 0.8 | 435 | 6.4% | |
| 0.8 to 0.9 | 435 | 6.4% | |
| 0.9 to 1.0 | 134 | 2.0% |
Frequently asked questions
What is the average correlation of IMO?
Imperial Oil Limited (IMO) has an average correlation of about -0.176 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IMO 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 14.7%.
What is the most common correlation range for IMO?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for IMO.
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