National Grid PLC (NGG) Correlation Distribution
Across 6,809 rolling correlation observations between National Grid PLC (NGG) and other NASDAQ-listed stocks, 47.4% are positive and 52.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.02, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- -0.02
- Most common range
- -0.1 to 0.0
- Positive pairs
- 47.4%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 243 | 3.6% | |
| -0.6 to -0.5 | 243 | 3.6% | |
| -0.5 to -0.4 | 572 | 8.4% | |
| -0.4 to -0.3 | 572 | 8.4% | |
| -0.3 to -0.2 | 644 | 9.5% | |
| -0.2 to -0.1 | 644 | 9.5% | |
| -0.1 to 0.0 | 663 | 9.7% | |
| 0.0 to 0.1 | 663 | 9.7% | |
| 0.1 to 0.2 | 555 | 8.2% | |
| 0.2 to 0.3 | 555 | 8.2% | |
| 0.3 to 0.4 | 561 | 8.2% | |
| 0.4 to 0.5 | 560 | 8.2% | |
| 0.5 to 0.6 | 165 | 2.4% | |
| 0.6 to 0.7 | 164 | 2.4% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NGG?
National Grid PLC (NGG) has an average correlation of about -0.02 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NGG positively correlated with other stocks?
Not predominantly — 47.4% of pairs are positive and 52.6% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for NGG?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 54.7% of all pairs.
Explore the full interactive correlation distribution for NGG.
Open interactive dashboard →