Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) Correlation Distribution
Across 6,809 rolling correlation observations between Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) and other NASDAQ-listed stocks, 37.4% are positive and 62.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.144, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 21.5%.
- Total observations
- 6,809
- Mean correlation
- -0.144
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.4%
- Strong positive (≥0.7)
- 16.2%
- Sector
- Pipe Lines (No Natural Gas)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 39 | 0.6% | |
| -0.9 to -0.8 | 712 | 10.5% | |
| -0.8 to -0.7 | 711 | 10.4% | |
| -0.7 to -0.6 | 754 | 11.1% | |
| -0.6 to -0.5 | 754 | 11.1% | |
| -0.5 to -0.4 | 320 | 4.7% | |
| -0.4 to -0.3 | 319 | 4.7% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 224 | 3.3% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 189 | 2.8% | |
| 0.2 to 0.3 | 189 | 2.8% | |
| 0.3 to 0.4 | 181 | 2.7% | |
| 0.4 to 0.5 | 180 | 2.6% | |
| 0.5 to 0.6 | 247 | 3.6% | |
| 0.6 to 0.7 | 247 | 3.6% | |
| 0.7 to 0.8 | 391 | 5.7% | |
| 0.8 to 0.9 | 390 | 5.7% | |
| 0.9 to 1.0 | 323 | 4.7% |
Frequently asked questions
What is the average correlation of PAA?
Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) has an average correlation of about -0.144 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAA positively correlated with other stocks?
Not predominantly — 37.4% of pairs are positive and 62.6% are negative. Strong positive correlations (≥0.7) make up 16.2%.
What is the most common correlation range for PAA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.2% of all pairs.
Explore the full interactive correlation distribution for PAA.
Open interactive dashboard →