VERMILION ENERGY INC. (VET) Correlation Distribution
Across 6,809 rolling correlation observations between VERMILION ENERGY INC. (VET) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.067, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,809
- Mean correlation
- -0.067
- Most common range
- -0.3 to -0.2
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 4.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 122 | 1.8% | |
| -0.8 to -0.7 | 122 | 1.8% | |
| -0.7 to -0.6 | 411 | 6.0% | |
| -0.6 to -0.5 | 410 | 6.0% | |
| -0.5 to -0.4 | 590 | 8.7% | |
| -0.4 to -0.3 | 589 | 8.7% | |
| -0.3 to -0.2 | 614 | 9.0% | |
| -0.2 to -0.1 | 614 | 9.0% | |
| -0.1 to 0.0 | 531 | 7.8% | |
| 0.0 to 0.1 | 530 | 7.8% | |
| 0.1 to 0.2 | 438 | 6.4% | |
| 0.2 to 0.3 | 437 | 6.4% | |
| 0.3 to 0.4 | 314 | 4.6% | |
| 0.4 to 0.5 | 313 | 4.6% | |
| 0.5 to 0.6 | 241 | 3.5% | |
| 0.6 to 0.7 | 241 | 3.5% | |
| 0.7 to 0.8 | 140 | 2.1% | |
| 0.8 to 0.9 | 139 | 2.0% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of VET?
VERMILION ENERGY INC. (VET) has an average correlation of about -0.067 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VET positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for VET?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.5% of all pairs.
Explore the full interactive correlation distribution for VET.
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