Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) Correlation Distribution
Across 6,809 rolling correlation observations between Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 20.9%.
- Total observations
- 6,809
- Mean correlation
- -0.137
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Pipe Lines (No Natural Gas)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 32 | 0.5% | |
| -0.9 to -0.8 | 697 | 10.2% | |
| -0.8 to -0.7 | 697 | 10.2% | |
| -0.7 to -0.6 | 754 | 11.1% | |
| -0.6 to -0.5 | 753 | 11.1% | |
| -0.5 to -0.4 | 329 | 4.8% | |
| -0.4 to -0.3 | 329 | 4.8% | |
| -0.3 to -0.2 | 227 | 3.3% | |
| -0.2 to -0.1 | 227 | 3.3% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 195 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 180 | 2.6% | |
| 0.4 to 0.5 | 180 | 2.6% | |
| 0.5 to 0.6 | 240 | 3.5% | |
| 0.6 to 0.7 | 239 | 3.5% | |
| 0.7 to 0.8 | 402 | 5.9% | |
| 0.8 to 0.9 | 402 | 5.9% | |
| 0.9 to 1.0 | 333 | 4.9% |
Frequently asked questions
What is the average correlation of PAGP?
Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAGP positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for PAGP?
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 PAGP.
Open interactive dashboard →