Fundamental Global Inc. Common Stock (FGF) Correlation Distribution
Across 6,802 rolling correlation observations between Fundamental Global Inc. Common Stock (FGF) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.2% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,802
- Mean correlation
- 0.307
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 36.2%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 124 | 1.8% | |
| -0.8 to -0.7 | 123 | 1.8% | |
| -0.7 to -0.6 | 348 | 5.1% | |
| -0.6 to -0.5 | 348 | 5.1% | |
| -0.5 to -0.4 | 229 | 3.4% | |
| -0.4 to -0.3 | 228 | 3.4% | |
| -0.3 to -0.2 | 209 | 3.1% | |
| -0.2 to -0.1 | 209 | 3.1% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 226 | 3.3% | |
| 0.2 to 0.3 | 225 | 3.3% | |
| 0.3 to 0.4 | 280 | 4.1% | |
| 0.4 to 0.5 | 280 | 4.1% | |
| 0.5 to 0.6 | 558 | 8.2% | |
| 0.6 to 0.7 | 557 | 8.2% | |
| 0.7 to 0.8 | 1,174 | 17.3% | |
| 0.8 to 0.9 | 1,174 | 17.3% | |
| 0.9 to 1.0 | 115 | 1.7% |
Frequently asked questions
What is the average correlation of FGF?
Fundamental Global Inc. Common Stock (FGF) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,802 pairwise observations.
Is FGF positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 36.2%.
What is the most common correlation range for FGF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for FGF.
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