Suncor Energy, Inc. (SU) Correlation Distribution
Across 6,809 rolling correlation observations between Suncor Energy, Inc. (SU) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.158, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.9% and strong negative correlations (≤−0.7) for 22.3%.
- Total observations
- 6,809
- Mean correlation
- -0.158
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 8.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 751 | 11.0% | |
| -0.8 to -0.7 | 750 | 11.0% | |
| -0.7 to -0.6 | 588 | 8.6% | |
| -0.6 to -0.5 | 587 | 8.6% | |
| -0.5 to -0.4 | 362 | 5.3% | |
| -0.4 to -0.3 | 361 | 5.3% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 281 | 4.1% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 265 | 3.9% | |
| 0.4 to 0.5 | 264 | 3.9% | |
| 0.5 to 0.6 | 380 | 5.6% | |
| 0.6 to 0.7 | 380 | 5.6% | |
| 0.7 to 0.8 | 283 | 4.2% | |
| 0.8 to 0.9 | 283 | 4.2% | |
| 0.9 to 1.0 | 43 | 0.6% |
Frequently asked questions
What is the average correlation of SU?
Suncor Energy, Inc. (SU) has an average correlation of about -0.158 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SU positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 8.9%.
What is the most common correlation range for SU?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for SU.
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