Kodiak Gas Services, Inc. (KGS) Correlation Distribution
Across 5,952 rolling correlation observations between Kodiak Gas Services, Inc. (KGS) and other NASDAQ-listed stocks, 54.4% are positive and 45.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 25.3% and strong negative correlations (≤−0.7) for 14.4%.
- Total observations
- 5,952
- Mean correlation
- 0.079
- Most common range
- 0.7 to 0.8
- Positive pairs
- 54.4%
- Strong positive (≥0.7)
- 25.3%
- Sector
- Natural Gas Transmission
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 421 | 7.1% | |
| -0.8 to -0.7 | 421 | 7.1% | |
| -0.7 to -0.6 | 401 | 6.7% | |
| -0.6 to -0.5 | 400 | 6.7% | |
| -0.5 to -0.4 | 243 | 4.1% | |
| -0.4 to -0.3 | 242 | 4.1% | |
| -0.3 to -0.2 | 194 | 3.3% | |
| -0.2 to -0.1 | 194 | 3.3% | |
| -0.1 to 0.0 | 186 | 3.1% | |
| 0.0 to 0.1 | 185 | 3.1% | |
| 0.1 to 0.2 | 201 | 3.4% | |
| 0.2 to 0.3 | 201 | 3.4% | |
| 0.3 to 0.4 | 250 | 4.2% | |
| 0.4 to 0.5 | 250 | 4.2% | |
| 0.5 to 0.6 | 323 | 5.4% | |
| 0.6 to 0.7 | 323 | 5.4% | |
| 0.7 to 0.8 | 633 | 10.6% | |
| 0.8 to 0.9 | 632 | 10.6% | |
| 0.9 to 1.0 | 239 | 4.0% |
Frequently asked questions
What is the average correlation of KGS?
Kodiak Gas Services, Inc. (KGS) has an average correlation of about 0.079 with other NASDAQ stocks, based on 5,952 pairwise observations.
Is KGS positively correlated with other stocks?
Mostly yes — 54.4% of pairs are positive and 45.6% are negative. Strong positive correlations (≥0.7) make up 25.3%.
What is the most common correlation range for KGS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for KGS.
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