W&T Offshore, Inc. (WTI) Correlation Distribution
Across 6,809 rolling correlation observations between W&T Offshore, Inc. (WTI) and other NASDAQ-listed stocks, 47.7% are positive and 52.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.011, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- -0.011
- Most common range
- -0.1 to 0.0
- Positive pairs
- 47.7%
- Strong positive (≥0.7)
- 4.5%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.2% | |
| -0.9 to -0.8 | 106 | 1.6% | |
| -0.8 to -0.7 | 106 | 1.6% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 438 | 6.4% | |
| -0.4 to -0.3 | 437 | 6.4% | |
| -0.3 to -0.2 | 598 | 8.8% | |
| -0.2 to -0.1 | 598 | 8.8% | |
| -0.1 to 0.0 | 666 | 9.8% | |
| 0.0 to 0.1 | 666 | 9.8% | |
| 0.1 to 0.2 | 515 | 7.6% | |
| 0.2 to 0.3 | 514 | 7.5% | |
| 0.3 to 0.4 | 369 | 5.4% | |
| 0.4 to 0.5 | 369 | 5.4% | |
| 0.5 to 0.6 | 257 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 144 | 2.1% | |
| 0.8 to 0.9 | 144 | 2.1% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of WTI?
W&T Offshore, Inc. (WTI) has an average correlation of about -0.011 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WTI positively correlated with other stocks?
Not predominantly — 47.7% of pairs are positive and 52.3% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for WTI?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 52.2% of all pairs.
Explore the full interactive correlation distribution for WTI.
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