USA COMPRESSION PARTNERS LP (USAC) Correlation Distribution
Across 6,809 rolling correlation observations between USA COMPRESSION PARTNERS LP (USAC) and other NASDAQ-listed stocks, 37% are positive and 63% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.163, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 22.8%.
- Total observations
- 6,809
- Mean correlation
- -0.163
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37%
- Strong positive (≥0.7)
- 13.4%
- Sector
- Natural Gas Transmission
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 766 | 11.2% | |
| -0.8 to -0.7 | 765 | 11.2% | |
| -0.7 to -0.6 | 691 | 10.1% | |
| -0.6 to -0.5 | 690 | 10.1% | |
| -0.5 to -0.4 | 340 | 5.0% | |
| -0.4 to -0.3 | 339 | 5.0% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 217 | 3.2% | |
| 0.3 to 0.4 | 200 | 2.9% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 281 | 4.1% | |
| 0.6 to 0.7 | 281 | 4.1% | |
| 0.7 to 0.8 | 415 | 6.1% | |
| 0.8 to 0.9 | 414 | 6.1% | |
| 0.9 to 1.0 | 82 | 1.2% |
Frequently asked questions
What is the average correlation of USAC?
USA COMPRESSION PARTNERS LP (USAC) has an average correlation of about -0.163 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is USAC positively correlated with other stocks?
Not predominantly — 37% of pairs are positive and 63% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for USAC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for USAC.
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