PG&E Corporation (PCG) Correlation Distribution
Across 6,809 rolling correlation observations between PG&E Corporation (PCG) and other NASDAQ-listed stocks, 35.4% are positive and 64.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.189, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.8% and strong negative correlations (≤−0.7) for 23.7%.
- Total observations
- 6,809
- Mean correlation
- -0.189
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.4%
- Strong positive (≥0.7)
- 10.8%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 799 | 11.7% | |
| -0.8 to -0.7 | 798 | 11.7% | |
| -0.7 to -0.6 | 680 | 10.0% | |
| -0.6 to -0.5 | 680 | 10.0% | |
| -0.5 to -0.4 | 360 | 5.3% | |
| -0.4 to -0.3 | 360 | 5.3% | |
| -0.3 to -0.2 | 245 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 214 | 3.1% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 227 | 3.3% | |
| 0.4 to 0.5 | 226 | 3.3% | |
| 0.5 to 0.6 | 291 | 4.3% | |
| 0.6 to 0.7 | 291 | 4.3% | |
| 0.7 to 0.8 | 358 | 5.3% | |
| 0.8 to 0.9 | 358 | 5.3% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of PCG?
PG&E Corporation (PCG) has an average correlation of about -0.189 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PCG positively correlated with other stocks?
Not predominantly — 35.4% of pairs are positive and 64.6% are negative. Strong positive correlations (≥0.7) make up 10.8%.
What is the most common correlation range for PCG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for PCG.
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