Sempra (SRE) Correlation Distribution
Across 6,809 rolling correlation observations between Sempra (SRE) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.102, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- -0.102
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 1.9%
- Sector
- Gas & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 80 | 1.2% | |
| -0.8 to -0.7 | 80 | 1.2% | |
| -0.7 to -0.6 | 786 | 11.5% | |
| -0.6 to -0.5 | 786 | 11.5% | |
| -0.5 to -0.4 | 564 | 8.3% | |
| -0.4 to -0.3 | 564 | 8.3% | |
| -0.3 to -0.2 | 417 | 6.1% | |
| -0.2 to -0.1 | 417 | 6.1% | |
| -0.1 to 0.0 | 385 | 5.7% | |
| 0.0 to 0.1 | 384 | 5.6% | |
| 0.1 to 0.2 | 354 | 5.2% | |
| 0.2 to 0.3 | 353 | 5.2% | |
| 0.3 to 0.4 | 389 | 5.7% | |
| 0.4 to 0.5 | 389 | 5.7% | |
| 0.5 to 0.6 | 367 | 5.4% | |
| 0.6 to 0.7 | 367 | 5.4% | |
| 0.7 to 0.8 | 64 | 0.9% | |
| 0.8 to 0.9 | 63 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SRE?
Sempra (SRE) has an average correlation of about -0.102 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SRE positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for SRE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 33.9% of all pairs.
Explore the full interactive correlation distribution for SRE.
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