Sitio Royalties Corp. (STR) Correlation Distribution
Across 6,682 rolling correlation observations between Sitio Royalties Corp. (STR) and other NASDAQ-listed stocks, 55.7% are positive and 44.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,682
- Mean correlation
- 0.063
- Most common range
- 0.5 to 0.6
- Positive pairs
- 55.7%
- Strong positive (≥0.7)
- 6.1%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 110 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 525 | 7.9% | |
| -0.6 to -0.5 | 525 | 7.9% | |
| -0.5 to -0.4 | 373 | 5.6% | |
| -0.4 to -0.3 | 373 | 5.6% | |
| -0.3 to -0.2 | 312 | 4.7% | |
| -0.2 to -0.1 | 311 | 4.7% | |
| -0.1 to 0.0 | 321 | 4.8% | |
| 0.0 to 0.1 | 320 | 4.8% | |
| 0.1 to 0.2 | 341 | 5.1% | |
| 0.2 to 0.3 | 340 | 5.1% | |
| 0.3 to 0.4 | 506 | 7.6% | |
| 0.4 to 0.5 | 505 | 7.6% | |
| 0.5 to 0.6 | 653 | 9.8% | |
| 0.6 to 0.7 | 652 | 9.8% | |
| 0.7 to 0.8 | 203 | 3.0% | |
| 0.8 to 0.9 | 203 | 3.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of STR?
Sitio Royalties Corp. (STR) has an average correlation of about 0.063 with other NASDAQ stocks, based on 6,682 pairwise observations.
Is STR positively correlated with other stocks?
Mostly yes — 55.7% of pairs are positive and 44.3% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for STR?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.1% of all pairs.
Explore the full interactive correlation distribution for STR.
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