PAMPA ENERGIA S.A. (PAM) Correlation Distribution
Across 6,809 rolling correlation observations between PAMPA ENERGIA S.A. (PAM) and other NASDAQ-listed stocks, 36.8% are positive and 63.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.135, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 15.6%.
- Total observations
- 6,809
- Mean correlation
- -0.135
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.8%
- Strong positive (≥0.7)
- 15.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 522 | 7.7% | |
| -0.8 to -0.7 | 521 | 7.7% | |
| -0.7 to -0.6 | 909 | 13.3% | |
| -0.6 to -0.5 | 908 | 13.3% | |
| -0.5 to -0.4 | 369 | 5.4% | |
| -0.4 to -0.3 | 369 | 5.4% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 237 | 3.5% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 179 | 2.6% | |
| 0.2 to 0.3 | 179 | 2.6% | |
| 0.3 to 0.4 | 199 | 2.9% | |
| 0.4 to 0.5 | 198 | 2.9% | |
| 0.5 to 0.6 | 239 | 3.5% | |
| 0.6 to 0.7 | 239 | 3.5% | |
| 0.7 to 0.8 | 380 | 5.6% | |
| 0.8 to 0.9 | 380 | 5.6% | |
| 0.9 to 1.0 | 309 | 4.5% |
Frequently asked questions
What is the average correlation of PAM?
PAMPA ENERGIA S.A. (PAM) has an average correlation of about -0.135 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAM positively correlated with other stocks?
Not predominantly — 36.8% of pairs are positive and 63.2% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for PAM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for PAM.
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