Mammoth Energy Services, Inc. Common Stock (TUSK) Correlation Distribution
Across 6,809 rolling correlation observations between Mammoth Energy Services, Inc. Common Stock (TUSK) and other NASDAQ-listed stocks, 43.3% are positive and 56.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- -0.032
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.3%
- Strong positive (≥0.7)
- 0.9%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 116 | 1.7% | |
| -0.6 to -0.5 | 116 | 1.7% | |
| -0.5 to -0.4 | 412 | 6.1% | |
| -0.4 to -0.3 | 411 | 6.0% | |
| -0.3 to -0.2 | 920 | 13.5% | |
| -0.2 to -0.1 | 920 | 13.5% | |
| -0.1 to 0.0 | 905 | 13.3% | |
| 0.0 to 0.1 | 905 | 13.3% | |
| 0.1 to 0.2 | 569 | 8.4% | |
| 0.2 to 0.3 | 569 | 8.4% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 308 | 4.5% | |
| 0.5 to 0.6 | 115 | 1.7% | |
| 0.6 to 0.7 | 115 | 1.7% | |
| 0.7 to 0.8 | 31 | 0.5% | |
| 0.8 to 0.9 | 31 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of TUSK?
Mammoth Energy Services, Inc. Common Stock (TUSK) has an average correlation of about -0.032 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TUSK positively correlated with other stocks?
Not predominantly — 43.3% of pairs are positive and 56.7% are negative. Strong positive correlations (≥0.7) make up 0.9%.
What is the most common correlation range for TUSK?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 70.3% of all pairs.
Explore the full interactive correlation distribution for TUSK.
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