NRGX (NRGX) Correlation Distribution
Across 6,404 rolling correlation observations between NRGX (NRGX) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.5% and strong negative correlations (≤−0.7) for 19.2%.
- Total observations
- 6,404
- Mean correlation
- -0.137
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 13.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 47 | 0.7% | |
| -0.9 to -0.8 | 593 | 9.3% | |
| -0.8 to -0.7 | 592 | 9.2% | |
| -0.7 to -0.6 | 627 | 9.8% | |
| -0.6 to -0.5 | 626 | 9.8% | |
| -0.5 to -0.4 | 380 | 5.9% | |
| -0.4 to -0.3 | 380 | 5.9% | |
| -0.3 to -0.2 | 256 | 4.0% | |
| -0.2 to -0.1 | 255 | 4.0% | |
| -0.1 to 0.0 | 211 | 3.3% | |
| 0.0 to 0.1 | 211 | 3.3% | |
| 0.1 to 0.2 | 218 | 3.4% | |
| 0.2 to 0.3 | 217 | 3.4% | |
| 0.3 to 0.4 | 205 | 3.2% | |
| 0.4 to 0.5 | 205 | 3.2% | |
| 0.5 to 0.6 | 257 | 4.0% | |
| 0.6 to 0.7 | 257 | 4.0% | |
| 0.7 to 0.8 | 364 | 5.7% | |
| 0.8 to 0.9 | 364 | 5.7% | |
| 0.9 to 1.0 | 139 | 2.2% |
Frequently asked questions
What is the average correlation of NRGX?
NRGX (NRGX) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,404 pairwise observations.
Is NRGX positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 13.5%.
What is the most common correlation range for NRGX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.4% of all pairs.
Explore the full interactive correlation distribution for NRGX.
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