Donegal Group Inc (DGICB) Correlation Distribution
Across 6,510 rolling correlation observations between Donegal Group Inc (DGICB) and other NASDAQ-listed stocks, 42.4% are positive and 57.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.038, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,510
- Mean correlation
- -0.038
- Most common range
- -0.1 to 0.0
- Positive pairs
- 42.4%
- Strong positive (≥0.7)
- 0%
- 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 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 58 | 0.9% | |
| -0.6 to -0.5 | 57 | 0.9% | |
| -0.5 to -0.4 | 346 | 5.3% | |
| -0.4 to -0.3 | 345 | 5.3% | |
| -0.3 to -0.2 | 980 | 15.1% | |
| -0.2 to -0.1 | 980 | 15.1% | |
| -0.1 to 0.0 | 983 | 15.1% | |
| 0.0 to 0.1 | 982 | 15.1% | |
| 0.1 to 0.2 | 582 | 8.9% | |
| 0.2 to 0.3 | 582 | 8.9% | |
| 0.3 to 0.4 | 264 | 4.1% | |
| 0.4 to 0.5 | 263 | 4.0% | |
| 0.5 to 0.6 | 41 | 0.6% | |
| 0.6 to 0.7 | 41 | 0.6% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of DGICB?
Donegal Group Inc (DGICB) has an average correlation of about -0.038 with other NASDAQ stocks, based on 6,510 pairwise observations.
Is DGICB positively correlated with other stocks?
Not predominantly — 42.4% of pairs are positive and 57.6% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for DGICB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 78.2% of all pairs.
Explore the full interactive correlation distribution for DGICB.
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