Adams Natural Resources Fund, Inc. (PEO) Correlation Distribution
Across 6,809 rolling correlation observations between Adams Natural Resources Fund, Inc. (PEO) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.165, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 24.2%.
- Total observations
- 6,809
- Mean correlation
- -0.165
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 7.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 139 | 2.0% | |
| -0.9 to -0.8 | 755 | 11.1% | |
| -0.8 to -0.7 | 754 | 11.1% | |
| -0.7 to -0.6 | 487 | 7.2% | |
| -0.6 to -0.5 | 487 | 7.2% | |
| -0.5 to -0.4 | 364 | 5.3% | |
| -0.4 to -0.3 | 364 | 5.3% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 262 | 3.8% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 230 | 3.4% | |
| 0.2 to 0.3 | 229 | 3.4% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 296 | 4.3% | |
| 0.5 to 0.6 | 373 | 5.5% | |
| 0.6 to 0.7 | 372 | 5.5% | |
| 0.7 to 0.8 | 237 | 3.5% | |
| 0.8 to 0.9 | 237 | 3.5% | |
| 0.9 to 1.0 | 59 | 0.9% |
Frequently asked questions
What is the average correlation of PEO?
Adams Natural Resources Fund, Inc. (PEO) has an average correlation of about -0.165 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PEO positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for PEO?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for PEO.
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