OPAL Fuels Inc. Class A Common Stock (OPAL) Correlation Distribution
Across 6,629 rolling correlation observations between OPAL Fuels Inc. Class A Common Stock (OPAL) and other NASDAQ-listed stocks, 53.3% are positive and 46.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 17.6%.
- Total observations
- 6,629
- Mean correlation
- 0.055
- Most common range
- 0.7 to 0.8
- Positive pairs
- 53.3%
- Strong positive (≥0.7)
- 23.4%
- Sector
- Gas & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 102 | 1.5% | |
| -0.9 to -0.8 | 534 | 8.1% | |
| -0.8 to -0.7 | 534 | 8.1% | |
| -0.7 to -0.6 | 345 | 5.2% | |
| -0.6 to -0.5 | 345 | 5.2% | |
| -0.5 to -0.4 | 267 | 4.0% | |
| -0.4 to -0.3 | 267 | 4.0% | |
| -0.3 to -0.2 | 243 | 3.7% | |
| -0.2 to -0.1 | 242 | 3.7% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 221 | 3.3% | |
| 0.2 to 0.3 | 220 | 3.3% | |
| 0.3 to 0.4 | 263 | 4.0% | |
| 0.4 to 0.5 | 262 | 4.0% | |
| 0.5 to 0.6 | 401 | 6.0% | |
| 0.6 to 0.7 | 400 | 6.0% | |
| 0.7 to 0.8 | 721 | 10.9% | |
| 0.8 to 0.9 | 721 | 10.9% | |
| 0.9 to 1.0 | 111 | 1.7% |
Frequently asked questions
What is the average correlation of OPAL?
OPAL Fuels Inc. Class A Common Stock (OPAL) has an average correlation of about 0.055 with other NASDAQ stocks, based on 6,629 pairwise observations.
Is OPAL positively correlated with other stocks?
Mostly yes — 53.3% of pairs are positive and 46.7% are negative. Strong positive correlations (≥0.7) make up 23.4%.
What is the most common correlation range for OPAL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for OPAL.
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