RPC, Inc. (RES) Correlation Distribution
Across 6,809 rolling correlation observations between RPC, Inc. (RES) and other NASDAQ-listed stocks, 39.8% are positive and 60.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.104, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.8% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- -0.104
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.8%
- Strong positive (≥0.7)
- 2.8%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 104 | 1.5% | |
| -0.8 to -0.7 | 104 | 1.5% | |
| -0.7 to -0.6 | 644 | 9.5% | |
| -0.6 to -0.5 | 644 | 9.5% | |
| -0.5 to -0.4 | 569 | 8.4% | |
| -0.4 to -0.3 | 569 | 8.4% | |
| -0.3 to -0.2 | 481 | 7.1% | |
| -0.2 to -0.1 | 481 | 7.1% | |
| -0.1 to 0.0 | 501 | 7.4% | |
| 0.0 to 0.1 | 501 | 7.4% | |
| 0.1 to 0.2 | 434 | 6.4% | |
| 0.2 to 0.3 | 433 | 6.4% | |
| 0.3 to 0.4 | 346 | 5.1% | |
| 0.4 to 0.5 | 345 | 5.1% | |
| 0.5 to 0.6 | 232 | 3.4% | |
| 0.6 to 0.7 | 232 | 3.4% | |
| 0.7 to 0.8 | 92 | 1.4% | |
| 0.8 to 0.9 | 91 | 1.3% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of RES?
RPC, Inc. (RES) has an average correlation of about -0.104 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RES positively correlated with other stocks?
Not predominantly — 39.8% of pairs are positive and 60.2% are negative. Strong positive correlations (≥0.7) make up 2.8%.
What is the most common correlation range for RES?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 41.6% of all pairs.
Explore the full interactive correlation distribution for RES.
Open interactive dashboard →