Ranger Energy Services, Inc. (RNGR) Correlation Distribution
Across 6,809 rolling correlation observations between Ranger Energy Services, Inc. (RNGR) and other NASDAQ-listed stocks, 41.1% are positive and 58.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 11.2%.
- Total observations
- 6,809
- Mean correlation
- -0.087
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.1%
- Strong positive (≥0.7)
- 9.2%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 378 | 5.6% | |
| -0.8 to -0.7 | 378 | 5.6% | |
| -0.7 to -0.6 | 600 | 8.8% | |
| -0.6 to -0.5 | 600 | 8.8% | |
| -0.5 to -0.4 | 554 | 8.1% | |
| -0.4 to -0.3 | 553 | 8.1% | |
| -0.3 to -0.2 | 346 | 5.1% | |
| -0.2 to -0.1 | 346 | 5.1% | |
| -0.1 to 0.0 | 246 | 3.6% | |
| 0.0 to 0.1 | 245 | 3.6% | |
| 0.1 to 0.2 | 269 | 4.0% | |
| 0.2 to 0.3 | 268 | 3.9% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 400 | 5.9% | |
| 0.6 to 0.7 | 400 | 5.9% | |
| 0.7 to 0.8 | 305 | 4.5% | |
| 0.8 to 0.9 | 305 | 4.5% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of RNGR?
Ranger Energy Services, Inc. (RNGR) has an average correlation of about -0.087 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RNGR positively correlated with other stocks?
Not predominantly — 41.1% of pairs are positive and 58.9% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for RNGR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for RNGR.
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