PXD (PXD) Correlation Distribution
Across 6,645 rolling correlation observations between PXD (PXD) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 18%.
- Total observations
- 6,645
- Mean correlation
- -0.137
- Most common range
- -0.9 to -0.8
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 36 | 0.5% | |
| -0.9 to -0.8 | 580 | 8.7% | |
| -0.8 to -0.7 | 579 | 8.7% | |
| -0.7 to -0.6 | 529 | 8.0% | |
| -0.6 to -0.5 | 529 | 8.0% | |
| -0.5 to -0.4 | 405 | 6.1% | |
| -0.4 to -0.3 | 405 | 6.1% | |
| -0.3 to -0.2 | 308 | 4.6% | |
| -0.2 to -0.1 | 308 | 4.6% | |
| -0.1 to 0.0 | 339 | 5.1% | |
| 0.0 to 0.1 | 339 | 5.1% | |
| 0.1 to 0.2 | 306 | 4.6% | |
| 0.2 to 0.3 | 306 | 4.6% | |
| 0.3 to 0.4 | 290 | 4.4% | |
| 0.4 to 0.5 | 289 | 4.3% | |
| 0.5 to 0.6 | 283 | 4.3% | |
| 0.6 to 0.7 | 282 | 4.2% | |
| 0.7 to 0.8 | 225 | 3.4% | |
| 0.8 to 0.9 | 225 | 3.4% | |
| 0.9 to 1.0 | 82 | 1.2% |
Frequently asked questions
What is the average correlation of PXD?
PXD (PXD) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,645 pairwise observations.
Is PXD positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for PXD?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 28.7% of all pairs.
Explore the full interactive correlation distribution for PXD.
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