National Fuel Gas Co. (NFG) Correlation Distribution
Across 6,809 rolling correlation observations between National Fuel Gas Co. (NFG) and other NASDAQ-listed stocks, 46.7% are positive and 53.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- -0.017
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.7%
- Strong positive (≥0.7)
- 2.9%
- Sector
- Natural Gas Distribution
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 58 | 0.9% | |
| -0.8 to -0.7 | 58 | 0.9% | |
| -0.7 to -0.6 | 378 | 5.6% | |
| -0.6 to -0.5 | 377 | 5.5% | |
| -0.5 to -0.4 | 617 | 9.1% | |
| -0.4 to -0.3 | 617 | 9.1% | |
| -0.3 to -0.2 | 544 | 8.0% | |
| -0.2 to -0.1 | 544 | 8.0% | |
| -0.1 to 0.0 | 432 | 6.3% | |
| 0.0 to 0.1 | 432 | 6.3% | |
| 0.1 to 0.2 | 444 | 6.5% | |
| 0.2 to 0.3 | 444 | 6.5% | |
| 0.3 to 0.4 | 477 | 7.0% | |
| 0.4 to 0.5 | 477 | 7.0% | |
| 0.5 to 0.6 | 354 | 5.2% | |
| 0.6 to 0.7 | 354 | 5.2% | |
| 0.7 to 0.8 | 99 | 1.5% | |
| 0.8 to 0.9 | 98 | 1.4% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of NFG?
National Fuel Gas Co. (NFG) has an average correlation of about -0.017 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NFG positively correlated with other stocks?
Not predominantly — 46.7% of pairs are positive and 53.3% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for NFG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 41.7% of all pairs.
Explore the full interactive correlation distribution for NFG.
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