Pyxis Tankers Inc. Common Stock (PXS) Correlation Distribution
Across 6,809 rolling correlation observations between Pyxis Tankers Inc. Common Stock (PXS) and other NASDAQ-listed stocks, 36.1% are positive and 63.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.104, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- -0.104
- Most common range
- -0.3 to -0.2
- Positive pairs
- 36.1%
- Strong positive (≥0.7)
- 0.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 236 | 3.5% | |
| -0.6 to -0.5 | 236 | 3.5% | |
| -0.5 to -0.4 | 730 | 10.7% | |
| -0.4 to -0.3 | 730 | 10.7% | |
| -0.3 to -0.2 | 851 | 12.5% | |
| -0.2 to -0.1 | 850 | 12.5% | |
| -0.1 to 0.0 | 654 | 9.6% | |
| 0.0 to 0.1 | 653 | 9.6% | |
| 0.1 to 0.2 | 530 | 7.8% | |
| 0.2 to 0.3 | 529 | 7.8% | |
| 0.3 to 0.4 | 295 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 74 | 1.1% | |
| 0.6 to 0.7 | 73 | 1.1% | |
| 0.7 to 0.8 | 6 | 0.1% | |
| 0.8 to 0.9 | 6 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PXS?
Pyxis Tankers Inc. Common Stock (PXS) has an average correlation of about -0.104 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PXS positively correlated with other stocks?
Not predominantly — 36.1% of pairs are positive and 63.9% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for PXS?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 59.7% of all pairs.
Explore the full interactive correlation distribution for PXS.
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