Occidental Petroleum Corporation (OXY) Correlation Distribution
Across 6,809 rolling correlation observations between Occidental Petroleum Corporation (OXY) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.201, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 23.3%.
- Total observations
- 6,809
- Mean correlation
- -0.201
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 3.9%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 87 | 1.3% | |
| -0.9 to -0.8 | 751 | 11.0% | |
| -0.8 to -0.7 | 750 | 11.0% | |
| -0.7 to -0.6 | 524 | 7.7% | |
| -0.6 to -0.5 | 523 | 7.7% | |
| -0.5 to -0.4 | 378 | 5.6% | |
| -0.4 to -0.3 | 377 | 5.5% | |
| -0.3 to -0.2 | 315 | 4.6% | |
| -0.2 to -0.1 | 315 | 4.6% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 333 | 4.9% | |
| 0.2 to 0.3 | 333 | 4.9% | |
| 0.3 to 0.4 | 368 | 5.4% | |
| 0.4 to 0.5 | 367 | 5.4% | |
| 0.5 to 0.6 | 273 | 4.0% | |
| 0.6 to 0.7 | 273 | 4.0% | |
| 0.7 to 0.8 | 117 | 1.7% | |
| 0.8 to 0.9 | 116 | 1.7% | |
| 0.9 to 1.0 | 33 | 0.5% |
Frequently asked questions
What is the average correlation of OXY?
Occidental Petroleum Corporation (OXY) has an average correlation of about -0.201 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OXY positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for OXY?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 27.5% of all pairs.
Explore the full interactive correlation distribution for OXY.
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