NET Power Inc. (NPWR) Correlation Distribution
Across 5,983 rolling correlation observations between NET Power Inc. (NPWR) and other NASDAQ-listed stocks, 50.9% are positive and 49.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 5,983
- Mean correlation
- 0.023
- Most common range
- 0.5 to 0.6
- Positive pairs
- 50.9%
- Strong positive (≥0.7)
- 8%
- Sector
- Electrical Industrial Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 192 | 3.2% | |
| -0.8 to -0.7 | 191 | 3.2% | |
| -0.7 to -0.6 | 478 | 8.0% | |
| -0.6 to -0.5 | 477 | 8.0% | |
| -0.5 to -0.4 | 403 | 6.7% | |
| -0.4 to -0.3 | 402 | 6.7% | |
| -0.3 to -0.2 | 279 | 4.7% | |
| -0.2 to -0.1 | 279 | 4.7% | |
| -0.1 to 0.0 | 238 | 4.0% | |
| 0.0 to 0.1 | 237 | 4.0% | |
| 0.1 to 0.2 | 256 | 4.3% | |
| 0.2 to 0.3 | 256 | 4.3% | |
| 0.3 to 0.4 | 314 | 5.2% | |
| 0.4 to 0.5 | 314 | 5.2% | |
| 0.5 to 0.6 | 595 | 9.9% | |
| 0.6 to 0.7 | 594 | 9.9% | |
| 0.7 to 0.8 | 239 | 4.0% | |
| 0.8 to 0.9 | 239 | 4.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NPWR?
NET Power Inc. (NPWR) has an average correlation of about 0.023 with other NASDAQ stocks, based on 5,983 pairwise observations.
Is NPWR positively correlated with other stocks?
Mostly yes — 50.9% of pairs are positive and 49.1% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for NPWR?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.8% of all pairs.
Explore the full interactive correlation distribution for NPWR.
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