Exxon Mobil Corporation (XOM) Correlation Distribution
Across 6,809 rolling correlation observations between Exxon Mobil Corporation (XOM) and other NASDAQ-listed stocks, 35.9% are positive and 64.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.217, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.9% and strong negative correlations (≤−0.7) for 32.4%.
- Total observations
- 6,809
- Mean correlation
- -0.217
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.9%
- Strong positive (≥0.7)
- 8.9%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 359 | 5.3% | |
| -0.9 to -0.8 | 923 | 13.6% | |
| -0.8 to -0.7 | 922 | 13.5% | |
| -0.7 to -0.6 | 415 | 6.1% | |
| -0.6 to -0.5 | 414 | 6.1% | |
| -0.5 to -0.4 | 292 | 4.3% | |
| -0.4 to -0.3 | 291 | 4.3% | |
| -0.3 to -0.2 | 255 | 3.7% | |
| -0.2 to -0.1 | 255 | 3.7% | |
| -0.1 to 0.0 | 237 | 3.5% | |
| 0.0 to 0.1 | 236 | 3.5% | |
| 0.1 to 0.2 | 234 | 3.4% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 238 | 3.5% | |
| 0.4 to 0.5 | 238 | 3.5% | |
| 0.5 to 0.6 | 330 | 4.8% | |
| 0.6 to 0.7 | 329 | 4.8% | |
| 0.7 to 0.8 | 278 | 4.1% | |
| 0.8 to 0.9 | 278 | 4.1% | |
| 0.9 to 1.0 | 51 | 0.7% |
Frequently asked questions
What is the average correlation of XOM?
Exxon Mobil Corporation (XOM) has an average correlation of about -0.217 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is XOM positively correlated with other stocks?
Not predominantly — 35.9% of pairs are positive and 64.1% are negative. Strong positive correlations (≥0.7) make up 8.9%.
What is the most common correlation range for XOM?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.3% of all pairs.
Explore the full interactive correlation distribution for XOM.
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