NiSource Inc. (NI) Correlation Distribution
Across 6,809 rolling correlation observations between NiSource Inc. (NI) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,809
- Mean correlation
- -0.064
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 10%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 83 | 1.2% | |
| -0.8 to -0.7 | 82 | 1.2% | |
| -0.7 to -0.6 | 720 | 10.6% | |
| -0.6 to -0.5 | 720 | 10.6% | |
| -0.5 to -0.4 | 675 | 9.9% | |
| -0.4 to -0.3 | 675 | 9.9% | |
| -0.3 to -0.2 | 396 | 5.8% | |
| -0.2 to -0.1 | 396 | 5.8% | |
| -0.1 to 0.0 | 333 | 4.9% | |
| 0.0 to 0.1 | 332 | 4.9% | |
| 0.1 to 0.2 | 260 | 3.8% | |
| 0.2 to 0.3 | 260 | 3.8% | |
| 0.3 to 0.4 | 269 | 4.0% | |
| 0.4 to 0.5 | 269 | 4.0% | |
| 0.5 to 0.6 | 329 | 4.8% | |
| 0.6 to 0.7 | 328 | 4.8% | |
| 0.7 to 0.8 | 327 | 4.8% | |
| 0.8 to 0.9 | 326 | 4.8% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of NI?
NiSource Inc. (NI) has an average correlation of about -0.064 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NI positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for NI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for NI.
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