OGE Energy Corp. (OGE) Correlation Distribution
Across 6,809 rolling correlation observations between OGE Energy Corp. (OGE) and other NASDAQ-listed stocks, 42% are positive and 58% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- -0.055
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42%
- Strong positive (≥0.7)
- 3.9%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 553 | 8.1% | |
| -0.6 to -0.5 | 553 | 8.1% | |
| -0.5 to -0.4 | 692 | 10.2% | |
| -0.4 to -0.3 | 692 | 10.2% | |
| -0.3 to -0.2 | 494 | 7.3% | |
| -0.2 to -0.1 | 494 | 7.3% | |
| -0.1 to 0.0 | 371 | 5.4% | |
| 0.0 to 0.1 | 371 | 5.4% | |
| 0.1 to 0.2 | 354 | 5.2% | |
| 0.2 to 0.3 | 353 | 5.2% | |
| 0.3 to 0.4 | 359 | 5.3% | |
| 0.4 to 0.5 | 359 | 5.3% | |
| 0.5 to 0.6 | 402 | 5.9% | |
| 0.6 to 0.7 | 401 | 5.9% | |
| 0.7 to 0.8 | 130 | 1.9% | |
| 0.8 to 0.9 | 129 | 1.9% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of OGE?
OGE Energy Corp. (OGE) has an average correlation of about -0.055 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OGE positively correlated with other stocks?
Not predominantly — 42% of pairs are positive and 58% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for OGE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.8% of all pairs.
Explore the full interactive correlation distribution for OGE.
Open interactive dashboard →