Sabine Royalty Trust (SBR) Correlation Distribution
Across 6,809 rolling correlation observations between Sabine Royalty Trust (SBR) and other NASDAQ-listed stocks, 36.4% are positive and 63.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.203, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 23.5%.
- Total observations
- 6,809
- Mean correlation
- -0.203
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.4%
- Strong positive (≥0.7)
- 3.6%
- Sector
- Oil Royalty Traders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 30 | 0.4% | |
| -0.9 to -0.8 | 787 | 11.6% | |
| -0.8 to -0.7 | 786 | 11.5% | |
| -0.7 to -0.6 | 509 | 7.5% | |
| -0.6 to -0.5 | 509 | 7.5% | |
| -0.5 to -0.4 | 386 | 5.7% | |
| -0.4 to -0.3 | 385 | 5.7% | |
| -0.3 to -0.2 | 318 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 301 | 4.4% | |
| 0.0 to 0.1 | 300 | 4.4% | |
| 0.1 to 0.2 | 342 | 5.0% | |
| 0.2 to 0.3 | 341 | 5.0% | |
| 0.3 to 0.4 | 345 | 5.1% | |
| 0.4 to 0.5 | 344 | 5.1% | |
| 0.5 to 0.6 | 282 | 4.1% | |
| 0.6 to 0.7 | 281 | 4.1% | |
| 0.7 to 0.8 | 116 | 1.7% | |
| 0.8 to 0.9 | 115 | 1.7% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of SBR?
Sabine Royalty Trust (SBR) has an average correlation of about -0.203 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SBR positively correlated with other stocks?
Not predominantly — 36.4% of pairs are positive and 63.6% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for SBR?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for SBR.
Open interactive dashboard →