SUNOCO L.P. (SUN) Correlation Distribution
Across 6,809 rolling correlation observations between SUNOCO L.P. (SUN) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.133, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.5% and strong negative correlations (≤−0.7) for 18.7%.
- Total observations
- 6,809
- Mean correlation
- -0.133
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 14.5%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 630 | 9.3% | |
| -0.8 to -0.7 | 630 | 9.3% | |
| -0.7 to -0.6 | 727 | 10.7% | |
| -0.6 to -0.5 | 726 | 10.7% | |
| -0.5 to -0.4 | 387 | 5.7% | |
| -0.4 to -0.3 | 387 | 5.7% | |
| -0.3 to -0.2 | 233 | 3.4% | |
| -0.2 to -0.1 | 233 | 3.4% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 215 | 3.2% | |
| 0.5 to 0.6 | 277 | 4.1% | |
| 0.6 to 0.7 | 276 | 4.1% | |
| 0.7 to 0.8 | 452 | 6.6% | |
| 0.8 to 0.9 | 451 | 6.6% | |
| 0.9 to 1.0 | 87 | 1.3% |
Frequently asked questions
What is the average correlation of SUN?
SUNOCO L.P. (SUN) has an average correlation of about -0.133 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SUN positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 14.5%.
What is the most common correlation range for SUN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for SUN.
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