Kimbell Royalty Partners, LP Common Units representing Limited Partner Interests (KRP) Correlation Distribution
Across 6,809 rolling correlation observations between Kimbell Royalty Partners, LP Common Units representing Limited Partner Interests (KRP) and other NASDAQ-listed stocks, 42.5% are positive and 57.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.099, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 10.4%.
- Total observations
- 6,809
- Mean correlation
- -0.099
- Most common range
- -0.7 to -0.6
- Positive pairs
- 42.5%
- Strong positive (≥0.7)
- 3.7%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 349 | 5.1% | |
| -0.8 to -0.7 | 349 | 5.1% | |
| -0.7 to -0.6 | 527 | 7.7% | |
| -0.6 to -0.5 | 527 | 7.7% | |
| -0.5 to -0.4 | 466 | 6.8% | |
| -0.4 to -0.3 | 465 | 6.8% | |
| -0.3 to -0.2 | 411 | 6.0% | |
| -0.2 to -0.1 | 410 | 6.0% | |
| -0.1 to 0.0 | 398 | 5.8% | |
| 0.0 to 0.1 | 398 | 5.8% | |
| 0.1 to 0.2 | 418 | 6.1% | |
| 0.2 to 0.3 | 418 | 6.1% | |
| 0.3 to 0.4 | 393 | 5.8% | |
| 0.4 to 0.5 | 392 | 5.8% | |
| 0.5 to 0.6 | 313 | 4.6% | |
| 0.6 to 0.7 | 312 | 4.6% | |
| 0.7 to 0.8 | 116 | 1.7% | |
| 0.8 to 0.9 | 115 | 1.7% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of KRP?
Kimbell Royalty Partners, LP Common Units representing Limited Partner Interests (KRP) has an average correlation of about -0.099 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KRP positively correlated with other stocks?
Not predominantly — 42.5% of pairs are positive and 57.5% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for KRP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 36% of all pairs.
Explore the full interactive correlation distribution for KRP.
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