SandRidge Energy, Inc. (SD) Correlation Distribution
Across 6,809 rolling correlation observations between SandRidge Energy, Inc. (SD) and other NASDAQ-listed stocks, 40.8% are positive and 59.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.122, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 11.5%.
- Total observations
- 6,809
- Mean correlation
- -0.122
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.8%
- Strong positive (≥0.7)
- 4.5%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 388 | 5.7% | |
| -0.8 to -0.7 | 387 | 5.7% | |
| -0.7 to -0.6 | 575 | 8.4% | |
| -0.6 to -0.5 | 575 | 8.4% | |
| -0.5 to -0.4 | 459 | 6.7% | |
| -0.4 to -0.3 | 458 | 6.7% | |
| -0.3 to -0.2 | 392 | 5.8% | |
| -0.2 to -0.1 | 392 | 5.8% | |
| -0.1 to 0.0 | 400 | 5.9% | |
| 0.0 to 0.1 | 399 | 5.9% | |
| 0.1 to 0.2 | 427 | 6.3% | |
| 0.2 to 0.3 | 427 | 6.3% | |
| 0.3 to 0.4 | 353 | 5.2% | |
| 0.4 to 0.5 | 352 | 5.2% | |
| 0.5 to 0.6 | 258 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 144 | 2.1% | |
| 0.8 to 0.9 | 144 | 2.1% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of SD?
SandRidge Energy, Inc. (SD) has an average correlation of about -0.122 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SD positively correlated with other stocks?
Not predominantly — 40.8% of pairs are positive and 59.2% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for SD?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 35.8% of all pairs.
Explore the full interactive correlation distribution for SD.
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