Schlumberger Limited (SLB) Correlation Distribution
Across 6,809 rolling correlation observations between Schlumberger Limited (SLB) and other NASDAQ-listed stocks, 36.5% are positive and 63.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.178, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 18%.
- Total observations
- 6,809
- Mean correlation
- -0.178
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.5%
- Strong positive (≥0.7)
- 5%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 611 | 9.0% | |
| -0.8 to -0.7 | 610 | 9.0% | |
| -0.7 to -0.6 | 647 | 9.5% | |
| -0.6 to -0.5 | 646 | 9.5% | |
| -0.5 to -0.4 | 424 | 6.2% | |
| -0.4 to -0.3 | 424 | 6.2% | |
| -0.3 to -0.2 | 343 | 5.0% | |
| -0.2 to -0.1 | 342 | 5.0% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 301 | 4.4% | |
| 0.2 to 0.3 | 300 | 4.4% | |
| 0.3 to 0.4 | 353 | 5.2% | |
| 0.4 to 0.5 | 353 | 5.2% | |
| 0.5 to 0.6 | 284 | 4.2% | |
| 0.6 to 0.7 | 284 | 4.2% | |
| 0.7 to 0.8 | 158 | 2.3% | |
| 0.8 to 0.9 | 157 | 2.3% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of SLB?
Schlumberger Limited (SLB) has an average correlation of about -0.178 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SLB positively correlated with other stocks?
Not predominantly — 36.5% of pairs are positive and 63.5% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for SLB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for SLB.
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