Imperial Petroleum Inc. Common Shares (IMPP) Correlation Distribution
Across 6,791 rolling correlation observations between Imperial Petroleum Inc. Common Shares (IMPP) and other NASDAQ-listed stocks, 69.8% are positive and 30.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.261, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,791
- Mean correlation
- 0.261
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.8%
- Strong positive (≥0.7)
- 12.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 64 | 0.9% | |
| -0.6 to -0.5 | 64 | 0.9% | |
| -0.5 to -0.4 | 353 | 5.2% | |
| -0.4 to -0.3 | 352 | 5.2% | |
| -0.3 to -0.2 | 426 | 6.3% | |
| -0.2 to -0.1 | 425 | 6.3% | |
| -0.1 to 0.0 | 366 | 5.4% | |
| 0.0 to 0.1 | 366 | 5.4% | |
| 0.1 to 0.2 | 356 | 5.2% | |
| 0.2 to 0.3 | 356 | 5.2% | |
| 0.3 to 0.4 | 512 | 7.5% | |
| 0.4 to 0.5 | 512 | 7.5% | |
| 0.5 to 0.6 | 890 | 13.1% | |
| 0.6 to 0.7 | 890 | 13.1% | |
| 0.7 to 0.8 | 427 | 6.3% | |
| 0.8 to 0.9 | 427 | 6.3% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of IMPP?
Imperial Petroleum Inc. Common Shares (IMPP) has an average correlation of about 0.261 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is IMPP positively correlated with other stocks?
Mostly yes — 69.8% of pairs are positive and 30.2% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for IMPP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.8% of all pairs.
Explore the full interactive correlation distribution for IMPP.
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