NXG Cushing Midstream Energy Fund (SRV) Correlation Distribution
Across 6,809 rolling correlation observations between NXG Cushing Midstream Energy Fund (SRV) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.095, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.3% and strong negative correlations (≤−0.7) for 14.2%.
- Total observations
- 6,809
- Mean correlation
- -0.095
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 14.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 484 | 7.1% | |
| -0.8 to -0.7 | 483 | 7.1% | |
| -0.7 to -0.6 | 717 | 10.5% | |
| -0.6 to -0.5 | 716 | 10.5% | |
| -0.5 to -0.4 | 450 | 6.6% | |
| -0.4 to -0.3 | 450 | 6.6% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 263 | 3.9% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 223 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 225 | 3.3% | |
| 0.4 to 0.5 | 225 | 3.3% | |
| 0.5 to 0.6 | 328 | 4.8% | |
| 0.6 to 0.7 | 327 | 4.8% | |
| 0.7 to 0.8 | 451 | 6.6% | |
| 0.8 to 0.9 | 451 | 6.6% | |
| 0.9 to 1.0 | 75 | 1.1% |
Frequently asked questions
What is the average correlation of SRV?
NXG Cushing Midstream Energy Fund (SRV) has an average correlation of about -0.095 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SRV 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 14.3%.
What is the most common correlation range for SRV?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for SRV.
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