TNP (TNP) Correlation Distribution
Across 6,696 rolling correlation observations between TNP (TNP) and other NASDAQ-listed stocks, 31.3% are positive and 68.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.238, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.6% and strong negative correlations (≤−0.7) for 27.1%.
- Total observations
- 6,696
- Mean correlation
- -0.238
- Most common range
- -0.9 to -0.8
- Positive pairs
- 31.3%
- Strong positive (≥0.7)
- 11.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 40 | 0.6% | |
| -0.9 to -0.8 | 887 | 13.2% | |
| -0.8 to -0.7 | 887 | 13.2% | |
| -0.7 to -0.6 | 738 | 11.0% | |
| -0.6 to -0.5 | 738 | 11.0% | |
| -0.5 to -0.4 | 339 | 5.1% | |
| -0.4 to -0.3 | 338 | 5.0% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 183 | 2.7% | |
| 0.0 to 0.1 | 182 | 2.7% | |
| 0.1 to 0.2 | 169 | 2.5% | |
| 0.2 to 0.3 | 168 | 2.5% | |
| 0.3 to 0.4 | 184 | 2.7% | |
| 0.4 to 0.5 | 184 | 2.7% | |
| 0.5 to 0.6 | 218 | 3.3% | |
| 0.6 to 0.7 | 218 | 3.3% | |
| 0.7 to 0.8 | 340 | 5.1% | |
| 0.8 to 0.9 | 340 | 5.1% | |
| 0.9 to 1.0 | 96 | 1.4% |
Frequently asked questions
What is the average correlation of TNP?
TNP (TNP) has an average correlation of about -0.238 with other NASDAQ stocks, based on 6,696 pairwise observations.
Is TNP positively correlated with other stocks?
Not predominantly — 31.3% of pairs are positive and 68.7% are negative. Strong positive correlations (≥0.7) make up 11.6%.
What is the most common correlation range for TNP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.2% of all pairs.
Explore the full interactive correlation distribution for TNP.
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