MURPHY USA INC. (MUSA) Correlation Distribution
Across 6,809 rolling correlation observations between MURPHY USA INC. (MUSA) and other NASDAQ-listed stocks, 35.8% are positive and 64.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.185, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 28.7%.
- Total observations
- 6,809
- Mean correlation
- -0.185
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.8%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 87 | 1.3% | |
| -0.9 to -0.8 | 935 | 13.7% | |
| -0.8 to -0.7 | 934 | 13.7% | |
| -0.7 to -0.6 | 618 | 9.1% | |
| -0.6 to -0.5 | 617 | 9.1% | |
| -0.5 to -0.4 | 283 | 4.2% | |
| -0.4 to -0.3 | 283 | 4.2% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 212 | 3.1% | |
| -0.1 to 0.0 | 186 | 2.7% | |
| 0.0 to 0.1 | 186 | 2.7% | |
| 0.1 to 0.2 | 182 | 2.7% | |
| 0.2 to 0.3 | 182 | 2.7% | |
| 0.3 to 0.4 | 186 | 2.7% | |
| 0.4 to 0.5 | 186 | 2.7% | |
| 0.5 to 0.6 | 246 | 3.6% | |
| 0.6 to 0.7 | 245 | 3.6% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 395 | 5.8% | |
| 0.9 to 1.0 | 237 | 3.5% |
Frequently asked questions
What is the average correlation of MUSA?
MURPHY USA INC. (MUSA) has an average correlation of about -0.185 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MUSA positively correlated with other stocks?
Not predominantly — 35.8% of pairs are positive and 64.2% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for MUSA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.1% of all pairs.
Explore the full interactive correlation distribution for MUSA.
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