Northern Oil and Gas, Inc. (NOG) Correlation Distribution
Across 6,809 rolling correlation observations between Northern Oil and Gas, Inc. (NOG) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.175, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.3% and strong negative correlations (≤−0.7) for 24.7%.
- Total observations
- 6,809
- Mean correlation
- -0.175
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 9.3%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 75 | 1.1% | |
| -0.9 to -0.8 | 804 | 11.8% | |
| -0.8 to -0.7 | 803 | 11.8% | |
| -0.7 to -0.6 | 554 | 8.1% | |
| -0.6 to -0.5 | 553 | 8.1% | |
| -0.5 to -0.4 | 331 | 4.9% | |
| -0.4 to -0.3 | 330 | 4.8% | |
| -0.3 to -0.2 | 277 | 4.1% | |
| -0.2 to -0.1 | 277 | 4.1% | |
| -0.1 to 0.0 | 264 | 3.9% | |
| 0.0 to 0.1 | 263 | 3.9% | |
| 0.1 to 0.2 | 237 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 269 | 4.0% | |
| 0.4 to 0.5 | 269 | 4.0% | |
| 0.5 to 0.6 | 319 | 4.7% | |
| 0.6 to 0.7 | 318 | 4.7% | |
| 0.7 to 0.8 | 288 | 4.2% | |
| 0.8 to 0.9 | 288 | 4.2% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of NOG?
Northern Oil and Gas, Inc. (NOG) has an average correlation of about -0.175 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NOG positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 9.3%.
What is the most common correlation range for NOG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22.8% of all pairs.
Explore the full interactive correlation distribution for NOG.
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