Natural Resource Partners L.P. (NRP) Correlation Distribution
Across 6,809 rolling correlation observations between Natural Resource Partners L.P. (NRP) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.172, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 27.8%.
- Total observations
- 6,809
- Mean correlation
- -0.172
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 16.1%
- Sector
- Bituminous Coal & Lignite Surface Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 97 | 1.4% | |
| -0.9 to -0.8 | 900 | 13.2% | |
| -0.8 to -0.7 | 899 | 13.2% | |
| -0.7 to -0.6 | 620 | 9.1% | |
| -0.6 to -0.5 | 620 | 9.1% | |
| -0.5 to -0.4 | 287 | 4.2% | |
| -0.4 to -0.3 | 286 | 4.2% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 212 | 3.1% | |
| -0.1 to 0.0 | 186 | 2.7% | |
| 0.0 to 0.1 | 185 | 2.7% | |
| 0.1 to 0.2 | 192 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 180 | 2.6% | |
| 0.4 to 0.5 | 179 | 2.6% | |
| 0.5 to 0.6 | 234 | 3.4% | |
| 0.6 to 0.7 | 233 | 3.4% | |
| 0.7 to 0.8 | 401 | 5.9% | |
| 0.8 to 0.9 | 400 | 5.9% | |
| 0.9 to 1.0 | 293 | 4.3% |
Frequently asked questions
What is the average correlation of NRP?
Natural Resource Partners L.P. (NRP) has an average correlation of about -0.172 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NRP positively correlated with other stocks?
Not predominantly — 36.6% of pairs are positive and 63.4% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for NRP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.3% of all pairs.
Explore the full interactive correlation distribution for NRP.
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