KNOT OFFSHORE PARTNERS LP (KNOP) Correlation Distribution
Across 6,809 rolling correlation observations between KNOT OFFSHORE PARTNERS LP (KNOP) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.241, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,809
- Mean correlation
- 0.241
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 26%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 186 | 2.7% | |
| -0.8 to -0.7 | 186 | 2.7% | |
| -0.7 to -0.6 | 308 | 4.5% | |
| -0.6 to -0.5 | 307 | 4.5% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 235 | 3.5% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 249 | 3.7% | |
| 0.2 to 0.3 | 248 | 3.6% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 705 | 10.4% | |
| 0.6 to 0.7 | 704 | 10.3% | |
| 0.7 to 0.8 | 857 | 12.6% | |
| 0.8 to 0.9 | 856 | 12.6% | |
| 0.9 to 1.0 | 57 | 0.8% |
Frequently asked questions
What is the average correlation of KNOP?
KNOT OFFSHORE PARTNERS LP (KNOP) has an average correlation of about 0.241 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KNOP positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 26%.
What is the most common correlation range for KNOP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for KNOP.
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