Nine Energy Service, Inc. (NINE) Correlation Distribution
Across 6,809 rolling correlation observations between Nine Energy Service, Inc. (NINE) and other NASDAQ-listed stocks, 35% are positive and 65% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.074, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- -0.074
- Most common range
- -0.3 to -0.2
- Positive pairs
- 35%
- Strong positive (≥0.7)
- 1.8%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 122 | 1.8% | |
| -0.6 to -0.5 | 121 | 1.8% | |
| -0.5 to -0.4 | 571 | 8.4% | |
| -0.4 to -0.3 | 571 | 8.4% | |
| -0.3 to -0.2 | 1,113 | 16.3% | |
| -0.2 to -0.1 | 1,112 | 16.3% | |
| -0.1 to 0.0 | 782 | 11.5% | |
| 0.0 to 0.1 | 782 | 11.5% | |
| 0.1 to 0.2 | 406 | 6.0% | |
| 0.2 to 0.3 | 405 | 5.9% | |
| 0.3 to 0.4 | 231 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 104 | 1.5% | |
| 0.6 to 0.7 | 103 | 1.5% | |
| 0.7 to 0.8 | 60 | 0.9% | |
| 0.8 to 0.9 | 59 | 0.9% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of NINE?
Nine Energy Service, Inc. (NINE) has an average correlation of about -0.074 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NINE positively correlated with other stocks?
Not predominantly — 35% of pairs are positive and 65% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for NINE?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 67.6% of all pairs.
Explore the full interactive correlation distribution for NINE.
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