Nordic American Tanker (NAT) Correlation Distribution
Across 6,809 rolling correlation observations between Nordic American Tanker (NAT) and other NASDAQ-listed stocks, 28.2% are positive and 71.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.186, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,809
- Mean correlation
- -0.186
- Most common range
- -0.5 to -0.4
- Positive pairs
- 28.2%
- Strong positive (≥0.7)
- 2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 146 | 2.1% | |
| -0.8 to -0.7 | 146 | 2.1% | |
| -0.7 to -0.6 | 496 | 7.3% | |
| -0.6 to -0.5 | 495 | 7.3% | |
| -0.5 to -0.4 | 776 | 11.4% | |
| -0.4 to -0.3 | 776 | 11.4% | |
| -0.3 to -0.2 | 724 | 10.6% | |
| -0.2 to -0.1 | 723 | 10.6% | |
| -0.1 to 0.0 | 601 | 8.8% | |
| 0.0 to 0.1 | 600 | 8.8% | |
| 0.1 to 0.2 | 347 | 5.1% | |
| 0.2 to 0.3 | 346 | 5.1% | |
| 0.3 to 0.4 | 161 | 2.4% | |
| 0.4 to 0.5 | 161 | 2.4% | |
| 0.5 to 0.6 | 87 | 1.3% | |
| 0.6 to 0.7 | 87 | 1.3% | |
| 0.7 to 0.8 | 66 | 1.0% | |
| 0.8 to 0.9 | 66 | 1.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of NAT?
Nordic American Tanker (NAT) has an average correlation of about -0.186 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NAT positively correlated with other stocks?
Not predominantly — 28.2% of pairs are positive and 71.8% are negative. Strong positive correlations (≥0.7) make up 2%.
What is the most common correlation range for NAT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 49.1% of all pairs.
Explore the full interactive correlation distribution for NAT.
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