MATADOR RESOURCES COMPANY (MTDR) Correlation Distribution
Across 6,809 rolling correlation observations between MATADOR RESOURCES COMPANY (MTDR) and other NASDAQ-listed stocks, 39.1% are positive and 60.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.148, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.5% and strong negative correlations (≤−0.7) for 18.3%.
- Total observations
- 6,809
- Mean correlation
- -0.148
- Most common range
- -0.9 to -0.8
- Positive pairs
- 39.1%
- Strong positive (≥0.7)
- 5.5%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 69 | 1.0% | |
| -0.9 to -0.8 | 589 | 8.7% | |
| -0.8 to -0.7 | 589 | 8.7% | |
| -0.7 to -0.6 | 521 | 7.7% | |
| -0.6 to -0.5 | 520 | 7.6% | |
| -0.5 to -0.4 | 386 | 5.7% | |
| -0.4 to -0.3 | 385 | 5.7% | |
| -0.3 to -0.2 | 366 | 5.4% | |
| -0.2 to -0.1 | 366 | 5.4% | |
| -0.1 to 0.0 | 353 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 317 | 4.7% | |
| 0.2 to 0.3 | 316 | 4.6% | |
| 0.3 to 0.4 | 340 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 311 | 4.6% | |
| 0.6 to 0.7 | 311 | 4.6% | |
| 0.7 to 0.8 | 163 | 2.4% | |
| 0.8 to 0.9 | 162 | 2.4% | |
| 0.9 to 1.0 | 52 | 0.8% |
Frequently asked questions
What is the average correlation of MTDR?
MATADOR RESOURCES COMPANY (MTDR) has an average correlation of about -0.148 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MTDR positively correlated with other stocks?
Not predominantly — 39.1% of pairs are positive and 60.9% are negative. Strong positive correlations (≥0.7) make up 5.5%.
What is the most common correlation range for MTDR?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 30.4% of all pairs.
Explore the full interactive correlation distribution for MTDR.
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