Scorpio Tankers Inc. (STNG) Correlation Distribution
Across 6,809 rolling correlation observations between Scorpio Tankers Inc. (STNG) and other NASDAQ-listed stocks, 33.8% are positive and 66.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.218, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.7% and strong negative correlations (≤−0.7) for 25.4%.
- Total observations
- 6,809
- Mean correlation
- -0.218
- Most common range
- -0.9 to -0.8
- Positive pairs
- 33.8%
- Strong positive (≥0.7)
- 7.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 30 | 0.4% | |
| -0.9 to -0.8 | 850 | 12.5% | |
| -0.8 to -0.7 | 849 | 12.5% | |
| -0.7 to -0.6 | 652 | 9.6% | |
| -0.6 to -0.5 | 652 | 9.6% | |
| -0.5 to -0.4 | 342 | 5.0% | |
| -0.4 to -0.3 | 341 | 5.0% | |
| -0.3 to -0.2 | 274 | 4.0% | |
| -0.2 to -0.1 | 273 | 4.0% | |
| -0.1 to 0.0 | 245 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 221 | 3.2% | |
| 0.3 to 0.4 | 248 | 3.6% | |
| 0.4 to 0.5 | 248 | 3.6% | |
| 0.5 to 0.6 | 296 | 4.3% | |
| 0.6 to 0.7 | 296 | 4.3% | |
| 0.7 to 0.8 | 254 | 3.7% | |
| 0.8 to 0.9 | 253 | 3.7% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of STNG?
Scorpio Tankers Inc. (STNG) has an average correlation of about -0.218 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STNG positively correlated with other stocks?
Not predominantly — 33.8% of pairs are positive and 66.2% are negative. Strong positive correlations (≥0.7) make up 7.7%.
What is the most common correlation range for STNG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.7% of all pairs.
Explore the full interactive correlation distribution for STNG.
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