TXO Partners, L.P. (TXO) Correlation Distribution
Across 6,255 rolling correlation observations between TXO Partners, L.P. (TXO) and other NASDAQ-listed stocks, 52.2% are positive and 47.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.054, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,255
- Mean correlation
- 0.054
- Most common range
- 0.5 to 0.6
- Positive pairs
- 52.2%
- Strong positive (≥0.7)
- 11.5%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 109 | 1.7% | |
| -0.8 to -0.7 | 108 | 1.7% | |
| -0.7 to -0.6 | 526 | 8.4% | |
| -0.6 to -0.5 | 525 | 8.4% | |
| -0.5 to -0.4 | 426 | 6.8% | |
| -0.4 to -0.3 | 425 | 6.8% | |
| -0.3 to -0.2 | 300 | 4.8% | |
| -0.2 to -0.1 | 300 | 4.8% | |
| -0.1 to 0.0 | 267 | 4.3% | |
| 0.0 to 0.1 | 267 | 4.3% | |
| 0.1 to 0.2 | 274 | 4.4% | |
| 0.2 to 0.3 | 273 | 4.4% | |
| 0.3 to 0.4 | 309 | 4.9% | |
| 0.4 to 0.5 | 308 | 4.9% | |
| 0.5 to 0.6 | 559 | 8.9% | |
| 0.6 to 0.7 | 559 | 8.9% | |
| 0.7 to 0.8 | 357 | 5.7% | |
| 0.8 to 0.9 | 357 | 5.7% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of TXO?
TXO Partners, L.P. (TXO) has an average correlation of about 0.054 with other NASDAQ stocks, based on 6,255 pairwise observations.
Is TXO positively correlated with other stocks?
Mostly yes — 52.2% of pairs are positive and 47.8% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for TXO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for TXO.
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