NextEra Energy Partners, LP (NEP) Correlation Distribution
Across 6,803 rolling correlation observations between NextEra Energy Partners, LP (NEP) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.176, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.6% and strong negative correlations (≤−0.7) for 10.1%.
- Total observations
- 6,803
- Mean correlation
- 0.176
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 13.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 88 | 1.3% | |
| -0.9 to -0.8 | 300 | 4.4% | |
| -0.8 to -0.7 | 299 | 4.4% | |
| -0.7 to -0.6 | 269 | 4.0% | |
| -0.6 to -0.5 | 268 | 3.9% | |
| -0.5 to -0.4 | 197 | 2.9% | |
| -0.4 to -0.3 | 197 | 2.9% | |
| -0.3 to -0.2 | 218 | 3.2% | |
| -0.2 to -0.1 | 217 | 3.2% | |
| -0.1 to 0.0 | 213 | 3.1% | |
| 0.0 to 0.1 | 213 | 3.1% | |
| 0.1 to 0.2 | 291 | 4.3% | |
| 0.2 to 0.3 | 290 | 4.3% | |
| 0.3 to 0.4 | 583 | 8.6% | |
| 0.4 to 0.5 | 583 | 8.6% | |
| 0.5 to 0.6 | 827 | 12.2% | |
| 0.6 to 0.7 | 826 | 12.1% | |
| 0.7 to 0.8 | 425 | 6.2% | |
| 0.8 to 0.9 | 425 | 6.2% | |
| 0.9 to 1.0 | 74 | 1.1% |
Frequently asked questions
What is the average correlation of NEP?
NextEra Energy Partners, LP (NEP) has an average correlation of about 0.176 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is NEP positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 13.6%.
What is the most common correlation range for NEP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for NEP.
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