Public Service Enterprise Group Incorporated (PEG) Correlation Distribution
Across 6,809 rolling correlation observations between Public Service Enterprise Group Incorporated (PEG) and other NASDAQ-listed stocks, 44.2% are positive and 55.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- 0.007
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.2%
- Strong positive (≥0.7)
- 12.1%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 58 | 0.9% | |
| -0.8 to -0.7 | 58 | 0.9% | |
| -0.7 to -0.6 | 380 | 5.6% | |
| -0.6 to -0.5 | 379 | 5.6% | |
| -0.5 to -0.4 | 768 | 11.3% | |
| -0.4 to -0.3 | 768 | 11.3% | |
| -0.3 to -0.2 | 524 | 7.7% | |
| -0.2 to -0.1 | 523 | 7.7% | |
| -0.1 to 0.0 | 340 | 5.0% | |
| 0.0 to 0.1 | 339 | 5.0% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 290 | 4.3% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 337 | 4.9% | |
| 0.6 to 0.7 | 337 | 4.9% | |
| 0.7 to 0.8 | 401 | 5.9% | |
| 0.8 to 0.9 | 401 | 5.9% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of PEG?
Public Service Enterprise Group Incorporated (PEG) has an average correlation of about 0.007 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PEG positively correlated with other stocks?
Not predominantly — 44.2% of pairs are positive and 55.8% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for PEG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 33.9% of all pairs.
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