Imperial Petroleum Inc. 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (IMPPP) Correlation Distribution
Across 6,695 rolling correlation observations between Imperial Petroleum Inc. 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (IMPPP) and other NASDAQ-listed stocks, 40.7% are positive and 59.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.073, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 11.2%.
- Total observations
- 6,695
- Mean correlation
- -0.073
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.7%
- Strong positive (≥0.7)
- 15.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 370 | 5.5% | |
| -0.8 to -0.7 | 370 | 5.5% | |
| -0.7 to -0.6 | 649 | 9.7% | |
| -0.6 to -0.5 | 648 | 9.7% | |
| -0.5 to -0.4 | 524 | 7.8% | |
| -0.4 to -0.3 | 523 | 7.8% | |
| -0.3 to -0.2 | 315 | 4.7% | |
| -0.2 to -0.1 | 315 | 4.7% | |
| -0.1 to 0.0 | 247 | 3.7% | |
| 0.0 to 0.1 | 247 | 3.7% | |
| 0.1 to 0.2 | 230 | 3.4% | |
| 0.2 to 0.3 | 229 | 3.4% | |
| 0.3 to 0.4 | 212 | 3.2% | |
| 0.4 to 0.5 | 212 | 3.2% | |
| 0.5 to 0.6 | 285 | 4.3% | |
| 0.6 to 0.7 | 284 | 4.2% | |
| 0.7 to 0.8 | 465 | 6.9% | |
| 0.8 to 0.9 | 464 | 6.9% | |
| 0.9 to 1.0 | 95 | 1.4% |
Frequently asked questions
What is the average correlation of IMPPP?
Imperial Petroleum Inc. 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (IMPPP) has an average correlation of about -0.073 with other NASDAQ stocks, based on 6,695 pairwise observations.
Is IMPPP positively correlated with other stocks?
Not predominantly — 40.7% of pairs are positive and 59.3% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for IMPPP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.6% of all pairs.
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