NRG Energy, Inc. (NRG) Correlation Distribution
Across 6,809 rolling correlation observations between NRG Energy, Inc. (NRG) and other NASDAQ-listed stocks, 40.6% are positive and 59.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.036, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- -0.036
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.6%
- Strong positive (≥0.7)
- 12.6%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 133 | 2.0% | |
| -0.8 to -0.7 | 133 | 2.0% | |
| -0.7 to -0.6 | 437 | 6.4% | |
| -0.6 to -0.5 | 436 | 6.4% | |
| -0.5 to -0.4 | 835 | 12.3% | |
| -0.4 to -0.3 | 834 | 12.2% | |
| -0.3 to -0.2 | 464 | 6.8% | |
| -0.2 to -0.1 | 463 | 6.8% | |
| -0.1 to 0.0 | 306 | 4.5% | |
| 0.0 to 0.1 | 306 | 4.5% | |
| 0.1 to 0.2 | 269 | 4.0% | |
| 0.2 to 0.3 | 268 | 3.9% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 272 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 377 | 5.5% | |
| 0.8 to 0.9 | 376 | 5.5% | |
| 0.9 to 1.0 | 108 | 1.6% |
Frequently asked questions
What is the average correlation of NRG?
NRG Energy, Inc. (NRG) has an average correlation of about -0.036 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NRG positively correlated with other stocks?
Not predominantly — 40.6% of pairs are positive and 59.4% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for NRG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.5% of all pairs.
Explore the full interactive correlation distribution for NRG.
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