Kinetik Holdings Inc. (KNTK) Correlation Distribution
Across 6,750 rolling correlation observations between Kinetik Holdings Inc. (KNTK) and other NASDAQ-listed stocks, 51.2% are positive and 48.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.4% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,750
- Mean correlation
- 0.055
- Most common range
- -0.5 to -0.4
- Positive pairs
- 51.2%
- Strong positive (≥0.7)
- 12.4%
- Sector
- Natural Gas Transmission
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 83 | 1.2% | |
| -0.8 to -0.7 | 83 | 1.2% | |
| -0.7 to -0.6 | 404 | 6.0% | |
| -0.6 to -0.5 | 404 | 6.0% | |
| -0.5 to -0.4 | 502 | 7.4% | |
| -0.4 to -0.3 | 501 | 7.4% | |
| -0.3 to -0.2 | 482 | 7.1% | |
| -0.2 to -0.1 | 481 | 7.1% | |
| -0.1 to 0.0 | 355 | 5.3% | |
| 0.0 to 0.1 | 354 | 5.2% | |
| 0.1 to 0.2 | 382 | 5.7% | |
| 0.2 to 0.3 | 381 | 5.6% | |
| 0.3 to 0.4 | 347 | 5.1% | |
| 0.4 to 0.5 | 346 | 5.1% | |
| 0.5 to 0.6 | 405 | 6.0% | |
| 0.6 to 0.7 | 405 | 6.0% | |
| 0.7 to 0.8 | 410 | 6.1% | |
| 0.8 to 0.9 | 409 | 6.1% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of KNTK?
Kinetik Holdings Inc. (KNTK) has an average correlation of about 0.055 with other NASDAQ stocks, based on 6,750 pairwise observations.
Is KNTK positively correlated with other stocks?
Mostly yes — 51.2% of pairs are positive and 48.8% are negative. Strong positive correlations (≥0.7) make up 12.4%.
What is the most common correlation range for KNTK?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.1% of all pairs.
Explore the full interactive correlation distribution for KNTK.
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