Permian Resources Corporation (PR) Correlation Distribution
Across 6,560 rolling correlation observations between Permian Resources Corporation (PR) and other NASDAQ-listed stocks, 49.4% are positive and 50.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 13.4%.
- Total observations
- 6,560
- Mean correlation
- -0.023
- Most common range
- -0.7 to -0.6
- Positive pairs
- 49.4%
- Strong positive (≥0.7)
- 10.1%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 439 | 6.7% | |
| -0.8 to -0.7 | 438 | 6.7% | |
| -0.7 to -0.6 | 483 | 7.4% | |
| -0.6 to -0.5 | 483 | 7.4% | |
| -0.5 to -0.4 | 326 | 5.0% | |
| -0.4 to -0.3 | 325 | 5.0% | |
| -0.3 to -0.2 | 268 | 4.1% | |
| -0.2 to -0.1 | 268 | 4.1% | |
| -0.1 to 0.0 | 286 | 4.4% | |
| 0.0 to 0.1 | 285 | 4.3% | |
| 0.1 to 0.2 | 319 | 4.9% | |
| 0.2 to 0.3 | 318 | 4.8% | |
| 0.3 to 0.4 | 379 | 5.8% | |
| 0.4 to 0.5 | 379 | 5.8% | |
| 0.5 to 0.6 | 449 | 6.8% | |
| 0.6 to 0.7 | 449 | 6.8% | |
| 0.7 to 0.8 | 328 | 5.0% | |
| 0.8 to 0.9 | 327 | 5.0% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of PR?
Permian Resources Corporation (PR) has an average correlation of about -0.023 with other NASDAQ stocks, based on 6,560 pairwise observations.
Is PR positively correlated with other stocks?
Not predominantly — 49.4% of pairs are positive and 50.6% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for PR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.6% of all pairs.
Explore the full interactive correlation distribution for PR.
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