Oneok, Inc. (OKE) Correlation Distribution
Across 6,809 rolling correlation observations between Oneok, Inc. (OKE) and other NASDAQ-listed stocks, 41.8% are positive and 58.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,809
- Mean correlation
- -0.055
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.8%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Natural Gas Transmission & Distribution
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 328 | 4.8% | |
| -0.8 to -0.7 | 327 | 4.8% | |
| -0.7 to -0.6 | 712 | 10.5% | |
| -0.6 to -0.5 | 712 | 10.5% | |
| -0.5 to -0.4 | 522 | 7.7% | |
| -0.4 to -0.3 | 522 | 7.7% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 234 | 3.4% | |
| 0.2 to 0.3 | 233 | 3.4% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 273 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 477 | 7.0% | |
| 0.8 to 0.9 | 477 | 7.0% | |
| 0.9 to 1.0 | 184 | 2.7% |
Frequently asked questions
What is the average correlation of OKE?
Oneok, Inc. (OKE) has an average correlation of about -0.055 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OKE positively correlated with other stocks?
Not predominantly — 41.8% of pairs are positive and 58.2% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for OKE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for OKE.
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