Natural Gas Services Group, Inc. (NGS) Correlation Distribution
Across 6,809 rolling correlation observations between Natural Gas Services Group, Inc. (NGS) and other NASDAQ-listed stocks, 39.3% are positive and 60.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.063
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.3%
- Strong positive (≥0.7)
- 14.2%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 183 | 2.7% | |
| -0.8 to -0.7 | 182 | 2.7% | |
| -0.7 to -0.6 | 691 | 10.1% | |
| -0.6 to -0.5 | 691 | 10.1% | |
| -0.5 to -0.4 | 713 | 10.5% | |
| -0.4 to -0.3 | 712 | 10.5% | |
| -0.3 to -0.2 | 351 | 5.2% | |
| -0.2 to -0.1 | 351 | 5.2% | |
| -0.1 to 0.0 | 258 | 3.8% | |
| 0.0 to 0.1 | 257 | 3.8% | |
| 0.1 to 0.2 | 212 | 3.1% | |
| 0.2 to 0.3 | 211 | 3.1% | |
| 0.3 to 0.4 | 228 | 3.3% | |
| 0.4 to 0.5 | 228 | 3.3% | |
| 0.5 to 0.6 | 289 | 4.2% | |
| 0.6 to 0.7 | 288 | 4.2% | |
| 0.7 to 0.8 | 419 | 6.2% | |
| 0.8 to 0.9 | 418 | 6.1% | |
| 0.9 to 1.0 | 127 | 1.9% |
Frequently asked questions
What is the average correlation of NGS?
Natural Gas Services Group, Inc. (NGS) has an average correlation of about -0.063 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NGS positively correlated with other stocks?
Not predominantly — 39.3% of pairs are positive and 60.7% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for NGS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for NGS.
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