Star Group, L.P. Common Units Representing Limited Partner Interest (SGU) Correlation Distribution
Across 6,809 rolling correlation observations between Star Group, L.P. Common Units Representing Limited Partner Interest (SGU) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.4% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- -0.055
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 0.4%
- Sector
- Retail-Retail Stores, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 191 | 2.8% | |
| -0.6 to -0.5 | 190 | 2.8% | |
| -0.5 to -0.4 | 969 | 14.2% | |
| -0.4 to -0.3 | 968 | 14.2% | |
| -0.3 to -0.2 | 665 | 9.8% | |
| -0.2 to -0.1 | 665 | 9.8% | |
| -0.1 to 0.0 | 400 | 5.9% | |
| 0.0 to 0.1 | 399 | 5.9% | |
| 0.1 to 0.2 | 388 | 5.7% | |
| 0.2 to 0.3 | 388 | 5.7% | |
| 0.3 to 0.4 | 518 | 7.6% | |
| 0.4 to 0.5 | 518 | 7.6% | |
| 0.5 to 0.6 | 258 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 13 | 0.2% | |
| 0.8 to 0.9 | 13 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SGU?
Star Group, L.P. Common Units Representing Limited Partner Interest (SGU) has an average correlation of about -0.055 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SGU positively correlated with other stocks?
Not predominantly — 40.4% of pairs are positive and 59.6% are negative. Strong positive correlations (≥0.7) make up 0.4%.
What is the most common correlation range for SGU?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.7% of all pairs.
Explore the full interactive correlation distribution for SGU.
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