Liberty Energy Inc. (LBRT) Correlation Distribution
Across 6,809 rolling correlation observations between Liberty Energy Inc. (LBRT) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.105, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.8% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,809
- Mean correlation
- -0.105
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 6.8%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 118 | 1.7% | |
| -0.8 to -0.7 | 117 | 1.7% | |
| -0.7 to -0.6 | 883 | 13.0% | |
| -0.6 to -0.5 | 882 | 13.0% | |
| -0.5 to -0.4 | 613 | 9.0% | |
| -0.4 to -0.3 | 612 | 9.0% | |
| -0.3 to -0.2 | 345 | 5.1% | |
| -0.2 to -0.1 | 345 | 5.1% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 285 | 4.2% | |
| 0.1 to 0.2 | 265 | 3.9% | |
| 0.2 to 0.3 | 264 | 3.9% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 372 | 5.5% | |
| 0.6 to 0.7 | 371 | 5.4% | |
| 0.7 to 0.8 | 231 | 3.4% | |
| 0.8 to 0.9 | 231 | 3.4% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of LBRT?
Liberty Energy Inc. (LBRT) has an average correlation of about -0.105 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LBRT positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 6.8%.
What is the most common correlation range for LBRT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for LBRT.
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