Intrepid Potash, Inc (IPI) Correlation Distribution
Across 6,809 rolling correlation observations between Intrepid Potash, Inc (IPI) and other NASDAQ-listed stocks, 63% are positive and 37% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.124, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.124
- Most common range
- -0.1 to 0.0
- Positive pairs
- 63%
- Strong positive (≥0.7)
- 3.7%
- Sector
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 102 | 1.5% | |
| -0.6 to -0.5 | 102 | 1.5% | |
| -0.5 to -0.4 | 222 | 3.3% | |
| -0.4 to -0.3 | 222 | 3.3% | |
| -0.3 to -0.2 | 550 | 8.1% | |
| -0.2 to -0.1 | 550 | 8.1% | |
| -0.1 to 0.0 | 737 | 10.8% | |
| 0.0 to 0.1 | 736 | 10.8% | |
| 0.1 to 0.2 | 692 | 10.2% | |
| 0.2 to 0.3 | 691 | 10.1% | |
| 0.3 to 0.4 | 585 | 8.6% | |
| 0.4 to 0.5 | 584 | 8.6% | |
| 0.5 to 0.6 | 376 | 5.5% | |
| 0.6 to 0.7 | 375 | 5.5% | |
| 0.7 to 0.8 | 122 | 1.8% | |
| 0.8 to 0.9 | 121 | 1.8% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of IPI?
Intrepid Potash, Inc (IPI) has an average correlation of about 0.124 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IPI positively correlated with other stocks?
Mostly yes — 63% of pairs are positive and 37% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for IPI?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 58.1% of all pairs.
Explore the full interactive correlation distribution for IPI.
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