Range Resources Corp (RRC) Correlation Distribution
Across 6,809 rolling correlation observations between Range Resources Corp (RRC) and other NASDAQ-listed stocks, 37.2% are positive and 62.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.174, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.5% and strong negative correlations (≤−0.7) for 24.5%.
- Total observations
- 6,809
- Mean correlation
- -0.174
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.2%
- Strong positive (≥0.7)
- 8.5%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 93 | 1.4% | |
| -0.9 to -0.8 | 789 | 11.6% | |
| -0.8 to -0.7 | 788 | 11.6% | |
| -0.7 to -0.6 | 572 | 8.4% | |
| -0.6 to -0.5 | 572 | 8.4% | |
| -0.5 to -0.4 | 343 | 5.0% | |
| -0.4 to -0.3 | 343 | 5.0% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 220 | 3.2% | |
| 0.2 to 0.3 | 220 | 3.2% | |
| 0.3 to 0.4 | 247 | 3.6% | |
| 0.4 to 0.5 | 246 | 3.6% | |
| 0.5 to 0.6 | 398 | 5.8% | |
| 0.6 to 0.7 | 398 | 5.8% | |
| 0.7 to 0.8 | 265 | 3.9% | |
| 0.8 to 0.9 | 265 | 3.9% | |
| 0.9 to 1.0 | 48 | 0.7% |
Frequently asked questions
What is the average correlation of RRC?
Range Resources Corp (RRC) has an average correlation of about -0.174 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RRC positively correlated with other stocks?
Not predominantly — 37.2% of pairs are positive and 62.8% are negative. Strong positive correlations (≥0.7) make up 8.5%.
What is the most common correlation range for RRC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for RRC.
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