Riley Exploration Permian, Inc. (REPX) Correlation Distribution
Across 6,806 rolling correlation observations between Riley Exploration Permian, Inc. (REPX) and other NASDAQ-listed stocks, 34.1% are positive and 65.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,806
- Mean correlation
- -0.08
- Most common range
- -0.3 to -0.2
- Positive pairs
- 34.1%
- Strong positive (≥0.7)
- 0.2%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 54 | 0.8% | |
| -0.6 to -0.5 | 54 | 0.8% | |
| -0.5 to -0.4 | 455 | 6.7% | |
| -0.4 to -0.3 | 454 | 6.7% | |
| -0.3 to -0.2 | 1,322 | 19.4% | |
| -0.2 to -0.1 | 1,321 | 19.4% | |
| -0.1 to 0.0 | 815 | 12.0% | |
| 0.0 to 0.1 | 814 | 12.0% | |
| 0.1 to 0.2 | 533 | 7.8% | |
| 0.2 to 0.3 | 532 | 7.8% | |
| 0.3 to 0.4 | 165 | 2.4% | |
| 0.4 to 0.5 | 164 | 2.4% | |
| 0.5 to 0.6 | 53 | 0.8% | |
| 0.6 to 0.7 | 52 | 0.8% | |
| 0.7 to 0.8 | 6 | 0.1% | |
| 0.8 to 0.9 | 5 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of REPX?
Riley Exploration Permian, Inc. (REPX) has an average correlation of about -0.08 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is REPX positively correlated with other stocks?
Not predominantly — 34.1% of pairs are positive and 65.9% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for REPX?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 78.4% of all pairs.
Explore the full interactive correlation distribution for REPX.
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