Marine Petroleum Trust (MARPS) Correlation Distribution
Across 6,808 rolling correlation observations between Marine Petroleum Trust (MARPS) and other NASDAQ-listed stocks, 43.5% are positive and 56.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.026, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,808
- Mean correlation
- -0.026
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.5%
- Strong positive (≥0.7)
- 3.7%
- Sector
- Oil Royalty Traders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 229 | 3.4% | |
| -0.6 to -0.5 | 229 | 3.4% | |
| -0.5 to -0.4 | 536 | 7.9% | |
| -0.4 to -0.3 | 536 | 7.9% | |
| -0.3 to -0.2 | 779 | 11.4% | |
| -0.2 to -0.1 | 779 | 11.4% | |
| -0.1 to 0.0 | 636 | 9.3% | |
| 0.0 to 0.1 | 635 | 9.3% | |
| 0.1 to 0.2 | 475 | 7.0% | |
| 0.2 to 0.3 | 475 | 7.0% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 228 | 3.3% | |
| 0.6 to 0.7 | 228 | 3.3% | |
| 0.7 to 0.8 | 119 | 1.7% | |
| 0.8 to 0.9 | 119 | 1.7% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of MARPS?
Marine Petroleum Trust (MARPS) has an average correlation of about -0.026 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MARPS positively correlated with other stocks?
Not predominantly — 43.5% of pairs are positive and 56.5% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for MARPS?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 55.5% of all pairs.
Explore the full interactive correlation distribution for MARPS.
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