KLX Energy Services Holdings, Inc. Common Stock (KLXE) Correlation Distribution
Across 6,809 rolling correlation observations between KLX Energy Services Holdings, Inc. Common Stock (KLXE) and other NASDAQ-listed stocks, 43.1% are positive and 56.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.05, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- -0.05
- Most common range
- -0.1 to 0.0
- Positive pairs
- 43.1%
- Strong positive (≥0.7)
- 1.5%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 35 | 0.5% | |
| -0.7 to -0.6 | 169 | 2.5% | |
| -0.6 to -0.5 | 168 | 2.5% | |
| -0.5 to -0.4 | 525 | 7.7% | |
| -0.4 to -0.3 | 524 | 7.7% | |
| -0.3 to -0.2 | 774 | 11.4% | |
| -0.2 to -0.1 | 773 | 11.4% | |
| -0.1 to 0.0 | 863 | 12.7% | |
| 0.0 to 0.1 | 863 | 12.7% | |
| 0.1 to 0.2 | 641 | 9.4% | |
| 0.2 to 0.3 | 640 | 9.4% | |
| 0.3 to 0.4 | 250 | 3.7% | |
| 0.4 to 0.5 | 250 | 3.7% | |
| 0.5 to 0.6 | 97 | 1.4% | |
| 0.6 to 0.7 | 96 | 1.4% | |
| 0.7 to 0.8 | 49 | 0.7% | |
| 0.8 to 0.9 | 49 | 0.7% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of KLXE?
KLX Energy Services Holdings, Inc. Common Stock (KLXE) has an average correlation of about -0.05 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KLXE positively correlated with other stocks?
Not predominantly — 43.1% of pairs are positive and 56.9% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for KLXE?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 66.9% of all pairs.
Explore the full interactive correlation distribution for KLXE.
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