Valero Energy Corporation (VLO) Correlation Distribution
Across 6,809 rolling correlation observations between Valero Energy Corporation (VLO) and other NASDAQ-listed stocks, 35.5% are positive and 64.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.201, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.2% and strong negative correlations (≤−0.7) for 27.8%.
- Total observations
- 6,809
- Mean correlation
- -0.201
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.5%
- Strong positive (≥0.7)
- 8.2%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 36 | 0.5% | |
| -0.9 to -0.8 | 930 | 13.7% | |
| -0.8 to -0.7 | 930 | 13.7% | |
| -0.7 to -0.6 | 501 | 7.4% | |
| -0.6 to -0.5 | 501 | 7.4% | |
| -0.5 to -0.4 | 346 | 5.1% | |
| -0.4 to -0.3 | 346 | 5.1% | |
| -0.3 to -0.2 | 282 | 4.1% | |
| -0.2 to -0.1 | 282 | 4.1% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 241 | 3.5% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 243 | 3.6% | |
| 0.4 to 0.5 | 243 | 3.6% | |
| 0.5 to 0.6 | 343 | 5.0% | |
| 0.6 to 0.7 | 342 | 5.0% | |
| 0.7 to 0.8 | 262 | 3.8% | |
| 0.8 to 0.9 | 261 | 3.8% | |
| 0.9 to 1.0 | 35 | 0.5% |
Frequently asked questions
What is the average correlation of VLO?
Valero Energy Corporation (VLO) has an average correlation of about -0.201 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VLO positively correlated with other stocks?
Not predominantly — 35.5% of pairs are positive and 64.5% are negative. Strong positive correlations (≥0.7) make up 8.2%.
What is the most common correlation range for VLO?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for VLO.
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