Eldorado Gold Corporation (EGO) Correlation Distribution
Across 6,809 rolling correlation observations between Eldorado Gold Corporation (EGO) and other NASDAQ-listed stocks, 42.9% are positive and 57.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.02, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.6% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.02
- Most common range
- -0.3 to -0.2
- Positive pairs
- 42.9%
- Strong positive (≥0.7)
- 7.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 139 | 2.0% | |
| -0.8 to -0.7 | 138 | 2.0% | |
| -0.7 to -0.6 | 343 | 5.0% | |
| -0.6 to -0.5 | 343 | 5.0% | |
| -0.5 to -0.4 | 550 | 8.1% | |
| -0.4 to -0.3 | 550 | 8.1% | |
| -0.3 to -0.2 | 692 | 10.2% | |
| -0.2 to -0.1 | 692 | 10.2% | |
| -0.1 to 0.0 | 437 | 6.4% | |
| 0.0 to 0.1 | 436 | 6.4% | |
| 0.1 to 0.2 | 315 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 333 | 4.9% | |
| 0.4 to 0.5 | 332 | 4.9% | |
| 0.5 to 0.6 | 338 | 5.0% | |
| 0.6 to 0.7 | 337 | 4.9% | |
| 0.7 to 0.8 | 253 | 3.7% | |
| 0.8 to 0.9 | 253 | 3.7% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of EGO?
Eldorado Gold Corporation (EGO) has an average correlation of about -0.02 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EGO positively correlated with other stocks?
Not predominantly — 42.9% of pairs are positive and 57.1% are negative. Strong positive correlations (≥0.7) make up 7.6%.
What is the most common correlation range for EGO?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 42.4% of all pairs.
Explore the full interactive correlation distribution for EGO.
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