PHILLIPS 66 (PSX) Correlation Distribution
Across 6,809 rolling correlation observations between PHILLIPS 66 (PSX) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.151, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 15.6%.
- Total observations
- 6,809
- Mean correlation
- -0.151
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 12%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 532 | 7.8% | |
| -0.8 to -0.7 | 532 | 7.8% | |
| -0.7 to -0.6 | 857 | 12.6% | |
| -0.6 to -0.5 | 857 | 12.6% | |
| -0.5 to -0.4 | 398 | 5.8% | |
| -0.4 to -0.3 | 398 | 5.8% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 252 | 3.7% | |
| -0.1 to 0.0 | 232 | 3.4% | |
| 0.0 to 0.1 | 231 | 3.4% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 292 | 4.3% | |
| 0.6 to 0.7 | 291 | 4.3% | |
| 0.7 to 0.8 | 389 | 5.7% | |
| 0.8 to 0.9 | 388 | 5.7% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of PSX?
PHILLIPS 66 (PSX) has an average correlation of about -0.151 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PSX positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for PSX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for PSX.
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