PGSS (PGSS) Correlation Distribution
Across 6,024 rolling correlation observations between PGSS (PGSS) and other NASDAQ-listed stocks, 30.4% are positive and 69.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.237, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 18.4%.
- Total observations
- 6,024
- Mean correlation
- -0.237
- Most common range
- -0.7 to -0.6
- Positive pairs
- 30.4%
- Strong positive (≥0.7)
- 7.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 547 | 9.1% | |
| -0.8 to -0.7 | 546 | 9.1% | |
| -0.7 to -0.6 | 840 | 13.9% | |
| -0.6 to -0.5 | 840 | 13.9% | |
| -0.5 to -0.4 | 398 | 6.6% | |
| -0.4 to -0.3 | 397 | 6.6% | |
| -0.3 to -0.2 | 220 | 3.7% | |
| -0.2 to -0.1 | 219 | 3.6% | |
| -0.1 to 0.0 | 169 | 2.8% | |
| 0.0 to 0.1 | 169 | 2.8% | |
| 0.1 to 0.2 | 183 | 3.0% | |
| 0.2 to 0.3 | 182 | 3.0% | |
| 0.3 to 0.4 | 187 | 3.1% | |
| 0.4 to 0.5 | 187 | 3.1% | |
| 0.5 to 0.6 | 230 | 3.8% | |
| 0.6 to 0.7 | 229 | 3.8% | |
| 0.7 to 0.8 | 218 | 3.6% | |
| 0.8 to 0.9 | 217 | 3.6% | |
| 0.9 to 1.0 | 32 | 0.5% |
Frequently asked questions
What is the average correlation of PGSS?
PGSS (PGSS) has an average correlation of about -0.237 with other NASDAQ stocks, based on 6,024 pairwise observations.
Is PGSS positively correlated with other stocks?
Not predominantly — 30.4% of pairs are positive and 69.6% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for PGSS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for PGSS.
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