PEMBINA PIPELINE CORPORATION (PBA) Correlation Distribution
Across 6,809 rolling correlation observations between PEMBINA PIPELINE CORPORATION (PBA) and other NASDAQ-listed stocks, 44% are positive and 56% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.027, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.1% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- -0.027
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44%
- Strong positive (≥0.7)
- 8.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 129 | 1.9% | |
| -0.8 to -0.7 | 128 | 1.9% | |
| -0.7 to -0.6 | 538 | 7.9% | |
| -0.6 to -0.5 | 537 | 7.9% | |
| -0.5 to -0.4 | 611 | 9.0% | |
| -0.4 to -0.3 | 610 | 9.0% | |
| -0.3 to -0.2 | 457 | 6.7% | |
| -0.2 to -0.1 | 456 | 6.7% | |
| -0.1 to 0.0 | 346 | 5.1% | |
| 0.0 to 0.1 | 345 | 5.1% | |
| 0.1 to 0.2 | 311 | 4.6% | |
| 0.2 to 0.3 | 311 | 4.6% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 443 | 6.5% | |
| 0.6 to 0.7 | 443 | 6.5% | |
| 0.7 to 0.8 | 274 | 4.0% | |
| 0.8 to 0.9 | 273 | 4.0% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of PBA?
PEMBINA PIPELINE CORPORATION (PBA) has an average correlation of about -0.027 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PBA positively correlated with other stocks?
Not predominantly — 44% of pairs are positive and 56% are negative. Strong positive correlations (≥0.7) make up 8.1%.
What is the most common correlation range for PBA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.7% of all pairs.
Explore the full interactive correlation distribution for PBA.
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