Donegal Group Inc (DGICA) Correlation Distribution
Across 6,809 rolling correlation observations between Donegal Group Inc (DGICA) and other NASDAQ-listed stocks, 43.2% are positive and 56.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.01, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- -0.01
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.2%
- Strong positive (≥0.7)
- 0.3%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 36 | 0.5% | |
| -0.6 to -0.5 | 36 | 0.5% | |
| -0.5 to -0.4 | 275 | 4.0% | |
| -0.4 to -0.3 | 274 | 4.0% | |
| -0.3 to -0.2 | 1,182 | 17.4% | |
| -0.2 to -0.1 | 1,181 | 17.3% | |
| -0.1 to 0.0 | 871 | 12.8% | |
| 0.0 to 0.1 | 870 | 12.8% | |
| 0.1 to 0.2 | 533 | 7.8% | |
| 0.2 to 0.3 | 533 | 7.8% | |
| 0.3 to 0.4 | 370 | 5.4% | |
| 0.4 to 0.5 | 369 | 5.4% | |
| 0.5 to 0.6 | 123 | 1.8% | |
| 0.6 to 0.7 | 123 | 1.8% | |
| 0.7 to 0.8 | 11 | 0.2% | |
| 0.8 to 0.9 | 10 | 0.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of DGICA?
Donegal Group Inc (DGICA) has an average correlation of about -0.01 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DGICA positively correlated with other stocks?
Not predominantly — 43.2% of pairs are positive and 56.8% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for DGICA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 75.9% of all pairs.
Explore the full interactive correlation distribution for DGICA.
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