Murphy Oil Corp. (MUR) Correlation Distribution
Across 6,809 rolling correlation observations between Murphy Oil Corp. (MUR) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.165, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 15.4%.
- Total observations
- 6,809
- Mean correlation
- -0.165
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 3.8%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 512 | 7.5% | |
| -0.8 to -0.7 | 511 | 7.5% | |
| -0.7 to -0.6 | 599 | 8.8% | |
| -0.6 to -0.5 | 599 | 8.8% | |
| -0.5 to -0.4 | 435 | 6.4% | |
| -0.4 to -0.3 | 435 | 6.4% | |
| -0.3 to -0.2 | 380 | 5.6% | |
| -0.2 to -0.1 | 380 | 5.6% | |
| -0.1 to 0.0 | 366 | 5.4% | |
| 0.0 to 0.1 | 366 | 5.4% | |
| 0.1 to 0.2 | 369 | 5.4% | |
| 0.2 to 0.3 | 368 | 5.4% | |
| 0.3 to 0.4 | 356 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 248 | 3.6% | |
| 0.6 to 0.7 | 248 | 3.6% | |
| 0.7 to 0.8 | 110 | 1.6% | |
| 0.8 to 0.9 | 109 | 1.6% | |
| 0.9 to 1.0 | 38 | 0.6% |
Frequently asked questions
What is the average correlation of MUR?
Murphy Oil Corp. (MUR) has an average correlation of about -0.165 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MUR positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for MUR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 32.7% of all pairs.
Explore the full interactive correlation distribution for MUR.
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