North European Oil Royalty Trust (NRT) Correlation Distribution
Across 6,809 rolling correlation observations between North European Oil Royalty Trust (NRT) and other NASDAQ-listed stocks, 42.2% are positive and 57.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.053, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.7% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,809
- Mean correlation
- -0.053
- Most common range
- -0.3 to -0.2
- Positive pairs
- 42.2%
- Strong positive (≥0.7)
- 4.7%
- Sector
- Oil Royalty Traders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 154 | 2.3% | |
| -0.8 to -0.7 | 154 | 2.3% | |
| -0.7 to -0.6 | 291 | 4.3% | |
| -0.6 to -0.5 | 291 | 4.3% | |
| -0.5 to -0.4 | 602 | 8.8% | |
| -0.4 to -0.3 | 601 | 8.8% | |
| -0.3 to -0.2 | 651 | 9.6% | |
| -0.2 to -0.1 | 651 | 9.6% | |
| -0.1 to 0.0 | 525 | 7.7% | |
| 0.0 to 0.1 | 525 | 7.7% | |
| 0.1 to 0.2 | 438 | 6.4% | |
| 0.2 to 0.3 | 438 | 6.4% | |
| 0.3 to 0.4 | 325 | 4.8% | |
| 0.4 to 0.5 | 324 | 4.8% | |
| 0.5 to 0.6 | 250 | 3.7% | |
| 0.6 to 0.7 | 249 | 3.7% | |
| 0.7 to 0.8 | 155 | 2.3% | |
| 0.8 to 0.9 | 155 | 2.3% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of NRT?
North European Oil Royalty Trust (NRT) has an average correlation of about -0.053 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NRT positively correlated with other stocks?
Not predominantly — 42.2% of pairs are positive and 57.8% are negative. Strong positive correlations (≥0.7) make up 4.7%.
What is the most common correlation range for NRT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 47.4% of all pairs.
Explore the full interactive correlation distribution for NRT.
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