MV Oil Trust (MVO) Correlation Distribution
Across 6,809 rolling correlation observations between MV Oil Trust (MVO) and other NASDAQ-listed stocks, 38.9% are positive and 61.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.135, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 10.1%.
- Total observations
- 6,809
- Mean correlation
- -0.135
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.9%
- Strong positive (≥0.7)
- 3.9%
- 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 | 333 | 4.9% | |
| -0.8 to -0.7 | 333 | 4.9% | |
| -0.7 to -0.6 | 601 | 8.8% | |
| -0.6 to -0.5 | 601 | 8.8% | |
| -0.5 to -0.4 | 470 | 6.9% | |
| -0.4 to -0.3 | 470 | 6.9% | |
| -0.3 to -0.2 | 432 | 6.3% | |
| -0.2 to -0.1 | 432 | 6.3% | |
| -0.1 to 0.0 | 465 | 6.8% | |
| 0.0 to 0.1 | 464 | 6.8% | |
| 0.1 to 0.2 | 413 | 6.1% | |
| 0.2 to 0.3 | 412 | 6.1% | |
| 0.3 to 0.4 | 317 | 4.7% | |
| 0.4 to 0.5 | 317 | 4.7% | |
| 0.5 to 0.6 | 229 | 3.4% | |
| 0.6 to 0.7 | 229 | 3.4% | |
| 0.7 to 0.8 | 127 | 1.9% | |
| 0.8 to 0.9 | 126 | 1.9% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of MVO?
MV Oil Trust (MVO) has an average correlation of about -0.135 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MVO positively correlated with other stocks?
Not predominantly — 38.9% of pairs are positive and 61.1% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for MVO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 38.4% of all pairs.
Explore the full interactive correlation distribution for MVO.
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