Permianville Royalty Trust (PVL) Correlation Distribution
Across 6,809 rolling correlation observations between Permianville Royalty Trust (PVL) and other NASDAQ-listed stocks, 42.2% are positive and 57.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.048, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- -0.048
- Most common range
- -0.3 to -0.2
- Positive pairs
- 42.2%
- Strong positive (≥0.7)
- 4%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 283 | 4.2% | |
| -0.6 to -0.5 | 283 | 4.2% | |
| -0.5 to -0.4 | 591 | 8.7% | |
| -0.4 to -0.3 | 591 | 8.7% | |
| -0.3 to -0.2 | 700 | 10.3% | |
| -0.2 to -0.1 | 700 | 10.3% | |
| -0.1 to 0.0 | 567 | 8.3% | |
| 0.0 to 0.1 | 567 | 8.3% | |
| 0.1 to 0.2 | 460 | 6.8% | |
| 0.2 to 0.3 | 460 | 6.8% | |
| 0.3 to 0.4 | 321 | 4.7% | |
| 0.4 to 0.5 | 320 | 4.7% | |
| 0.5 to 0.6 | 235 | 3.5% | |
| 0.6 to 0.7 | 235 | 3.5% | |
| 0.7 to 0.8 | 134 | 2.0% | |
| 0.8 to 0.9 | 134 | 2.0% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of PVL?
Permianville Royalty Trust (PVL) has an average correlation of about -0.048 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PVL positively correlated with other stocks?
Not predominantly — 42.2% of pairs are positive and 57.8% are negative. Strong positive correlations (≥0.7) make up 4%.
What is the most common correlation range for PVL?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 50.7% of all pairs.
Explore the full interactive correlation distribution for PVL.
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