Weatherford International plc Ordinary Shares (WFRD) Correlation Distribution
Across 6,806 rolling correlation observations between Weatherford International plc Ordinary Shares (WFRD) and other NASDAQ-listed stocks, 32% are positive and 68% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.208, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.6% and strong negative correlations (≤−0.7) for 14.2%.
- Total observations
- 6,806
- Mean correlation
- -0.208
- Most common range
- -0.7 to -0.6
- Positive pairs
- 32%
- Strong positive (≥0.7)
- 7.6%
- Sector
- Oil & Gas Field Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.2% | |
| -0.9 to -0.8 | 474 | 7.0% | |
| -0.8 to -0.7 | 474 | 7.0% | |
| -0.7 to -0.6 | 979 | 14.4% | |
| -0.6 to -0.5 | 979 | 14.4% | |
| -0.5 to -0.4 | 453 | 6.7% | |
| -0.4 to -0.3 | 452 | 6.6% | |
| -0.3 to -0.2 | 282 | 4.1% | |
| -0.2 to -0.1 | 282 | 4.1% | |
| -0.1 to 0.0 | 237 | 3.5% | |
| 0.0 to 0.1 | 237 | 3.5% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 245 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 244 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 193 | 2.8% | |
| 0.8 to 0.9 | 192 | 2.8% | |
| 0.9 to 1.0 | 133 | 2.0% |
Frequently asked questions
What is the average correlation of WFRD?
Weatherford International plc Ordinary Shares (WFRD) has an average correlation of about -0.208 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is WFRD positively correlated with other stocks?
Not predominantly — 32% of pairs are positive and 68% are negative. Strong positive correlations (≥0.7) make up 7.6%.
What is the most common correlation range for WFRD?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.8% of all pairs.
Explore the full interactive correlation distribution for WFRD.
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