San Juan Basin Royalty Trust UBI (SJT) Correlation Distribution
Across 6,809 rolling correlation observations between San Juan Basin Royalty Trust UBI (SJT) and other NASDAQ-listed stocks, 39.2% are positive and 60.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.077, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- -0.077
- Most common range
- -0.3 to -0.2
- Positive pairs
- 39.2%
- Strong positive (≥0.7)
- 3.9%
- Sector
- Oil Royalty Traders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 127 | 1.9% | |
| -0.8 to -0.7 | 126 | 1.9% | |
| -0.7 to -0.6 | 311 | 4.6% | |
| -0.6 to -0.5 | 311 | 4.6% | |
| -0.5 to -0.4 | 661 | 9.7% | |
| -0.4 to -0.3 | 660 | 9.7% | |
| -0.3 to -0.2 | 693 | 10.2% | |
| -0.2 to -0.1 | 693 | 10.2% | |
| -0.1 to 0.0 | 548 | 8.0% | |
| 0.0 to 0.1 | 548 | 8.0% | |
| 0.1 to 0.2 | 419 | 6.2% | |
| 0.2 to 0.3 | 419 | 6.2% | |
| 0.3 to 0.4 | 305 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 205 | 3.0% | |
| 0.6 to 0.7 | 204 | 3.0% | |
| 0.7 to 0.8 | 127 | 1.9% | |
| 0.8 to 0.9 | 127 | 1.9% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of SJT?
San Juan Basin Royalty Trust UBI (SJT) has an average correlation of about -0.077 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SJT positively correlated with other stocks?
Not predominantly — 39.2% of pairs are positive and 60.8% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for SJT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 48.8% of all pairs.
Explore the full interactive correlation distribution for SJT.
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