DORIAN LPG LTD (LPG) Correlation Distribution
Across 6,809 rolling correlation observations between DORIAN LPG LTD (LPG) and other NASDAQ-listed stocks, 35.1% are positive and 64.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.157, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.4% and strong negative correlations (≤−0.7) for 8.9%.
- Total observations
- 6,809
- Mean correlation
- -0.157
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.1%
- Strong positive (≥0.7)
- 8.4%
- Sector
- Deep Sea Foreign Transportation Of Freight
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 301 | 4.4% | |
| -0.8 to -0.7 | 301 | 4.4% | |
| -0.7 to -0.6 | 993 | 14.6% | |
| -0.6 to -0.5 | 992 | 14.6% | |
| -0.5 to -0.4 | 496 | 7.3% | |
| -0.4 to -0.3 | 495 | 7.3% | |
| -0.3 to -0.2 | 301 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 236 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 236 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 262 | 3.8% | |
| 0.4 to 0.5 | 262 | 3.8% | |
| 0.5 to 0.6 | 293 | 4.3% | |
| 0.6 to 0.7 | 293 | 4.3% | |
| 0.7 to 0.8 | 237 | 3.5% | |
| 0.8 to 0.9 | 236 | 3.5% | |
| 0.9 to 1.0 | 98 | 1.4% |
Frequently asked questions
What is the average correlation of LPG?
DORIAN LPG LTD (LPG) has an average correlation of about -0.157 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LPG positively correlated with other stocks?
Not predominantly — 35.1% of pairs are positive and 64.9% are negative. Strong positive correlations (≥0.7) make up 8.4%.
What is the most common correlation range for LPG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for LPG.
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