Transportadora de Gas del Sur S.A. ADS (TGS) Correlation Distribution
Across 6,809 rolling correlation observations between Transportadora de Gas del Sur S.A. ADS (TGS) and other NASDAQ-listed stocks, 36.3% are positive and 63.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 14.4%.
- Total observations
- 6,809
- Mean correlation
- -0.138
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.3%
- Strong positive (≥0.7)
- 15.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 481 | 7.1% | |
| -0.8 to -0.7 | 481 | 7.1% | |
| -0.7 to -0.6 | 922 | 13.5% | |
| -0.6 to -0.5 | 921 | 13.5% | |
| -0.5 to -0.4 | 416 | 6.1% | |
| -0.4 to -0.3 | 416 | 6.1% | |
| -0.3 to -0.2 | 245 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 191 | 2.8% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 196 | 2.9% | |
| 0.4 to 0.5 | 195 | 2.9% | |
| 0.5 to 0.6 | 235 | 3.5% | |
| 0.6 to 0.7 | 235 | 3.5% | |
| 0.7 to 0.8 | 373 | 5.5% | |
| 0.8 to 0.9 | 373 | 5.5% | |
| 0.9 to 1.0 | 289 | 4.2% |
Frequently asked questions
What is the average correlation of TGS?
Transportadora de Gas del Sur S.A. ADS (TGS) has an average correlation of about -0.138 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TGS positively correlated with other stocks?
Not predominantly — 36.3% of pairs are positive and 63.7% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for TGS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for TGS.
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