Par Pacific Holdings, Inc. Common Stock (PARR) Correlation Distribution
Across 6,809 rolling correlation observations between Par Pacific Holdings, Inc. Common Stock (PARR) and other NASDAQ-listed stocks, 34.6% are positive and 65.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.155, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,809
- Mean correlation
- -0.155
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34.6%
- Strong positive (≥0.7)
- 3.9%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 119 | 1.7% | |
| -0.8 to -0.7 | 119 | 1.7% | |
| -0.7 to -0.6 | 853 | 12.5% | |
| -0.6 to -0.5 | 853 | 12.5% | |
| -0.5 to -0.4 | 695 | 10.2% | |
| -0.4 to -0.3 | 695 | 10.2% | |
| -0.3 to -0.2 | 398 | 5.8% | |
| -0.2 to -0.1 | 397 | 5.8% | |
| -0.1 to 0.0 | 325 | 4.8% | |
| 0.0 to 0.1 | 324 | 4.8% | |
| 0.1 to 0.2 | 339 | 5.0% | |
| 0.2 to 0.3 | 339 | 5.0% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 220 | 3.2% | |
| 0.6 to 0.7 | 219 | 3.2% | |
| 0.7 to 0.8 | 118 | 1.7% | |
| 0.8 to 0.9 | 118 | 1.7% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of PARR?
Par Pacific Holdings, Inc. Common Stock (PARR) has an average correlation of about -0.155 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PARR positively correlated with other stocks?
Not predominantly — 34.6% of pairs are positive and 65.4% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for PARR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 31.2% of all pairs.
Explore the full interactive correlation distribution for PARR.
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