Cheniere Energy Inc (LNG) Correlation Distribution
Across 6,809 rolling correlation observations between Cheniere Energy Inc (LNG) and other NASDAQ-listed stocks, 36.8% are positive and 63.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.184, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 28.5%.
- Total observations
- 6,809
- Mean correlation
- -0.184
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.8%
- Strong positive (≥0.7)
- 12%
- Sector
- Natural Gas Distribution
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 133 | 2.0% | |
| -0.9 to -0.8 | 905 | 13.3% | |
| -0.8 to -0.7 | 905 | 13.3% | |
| -0.7 to -0.6 | 544 | 8.0% | |
| -0.6 to -0.5 | 544 | 8.0% | |
| -0.5 to -0.4 | 314 | 4.6% | |
| -0.4 to -0.3 | 313 | 4.6% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 213 | 3.1% | |
| 0.0 to 0.1 | 213 | 3.1% | |
| 0.1 to 0.2 | 192 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 213 | 3.1% | |
| 0.4 to 0.5 | 213 | 3.1% | |
| 0.5 to 0.6 | 333 | 4.9% | |
| 0.6 to 0.7 | 332 | 4.9% | |
| 0.7 to 0.8 | 368 | 5.4% | |
| 0.8 to 0.9 | 367 | 5.4% | |
| 0.9 to 1.0 | 84 | 1.2% |
Frequently asked questions
What is the average correlation of LNG?
Cheniere Energy Inc (LNG) has an average correlation of about -0.184 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LNG positively correlated with other stocks?
Not predominantly — 36.8% of pairs are positive and 63.2% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for LNG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.2% of all pairs.
Explore the full interactive correlation distribution for LNG.
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