U.S. Energy Corp. Common Stock (DE) (USEG) Correlation Distribution
Across 6,809 rolling correlation observations between U.S. Energy Corp. Common Stock (DE) (USEG) and other NASDAQ-listed stocks, 65.4% are positive and 34.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.208, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.7% and strong negative correlations (≤−0.7) for 9.1%.
- Total observations
- 6,809
- Mean correlation
- 0.208
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.4%
- Strong positive (≥0.7)
- 24.7%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 306 | 4.5% | |
| -0.8 to -0.7 | 305 | 4.5% | |
| -0.7 to -0.6 | 302 | 4.4% | |
| -0.6 to -0.5 | 302 | 4.4% | |
| -0.5 to -0.4 | 227 | 3.3% | |
| -0.4 to -0.3 | 226 | 3.3% | |
| -0.3 to -0.2 | 220 | 3.2% | |
| -0.2 to -0.1 | 219 | 3.2% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 246 | 3.6% | |
| 0.2 to 0.3 | 246 | 3.6% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 322 | 4.7% | |
| 0.5 to 0.6 | 695 | 10.2% | |
| 0.6 to 0.7 | 694 | 10.2% | |
| 0.7 to 0.8 | 824 | 12.1% | |
| 0.8 to 0.9 | 823 | 12.1% | |
| 0.9 to 1.0 | 36 | 0.5% |
Frequently asked questions
What is the average correlation of USEG?
U.S. Energy Corp. Common Stock (DE) (USEG) has an average correlation of about 0.208 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is USEG positively correlated with other stocks?
Mostly yes — 65.4% of pairs are positive and 34.6% are negative. Strong positive correlations (≥0.7) make up 24.7%.
What is the most common correlation range for USEG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for USEG.
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