FGI Industries Ltd. Ordinary Shares (FGI) Correlation Distribution
Across 6,762 rolling correlation observations between FGI Industries Ltd. Ordinary Shares (FGI) and other NASDAQ-listed stocks, 62.3% are positive and 37.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.173, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.2% and strong negative correlations (≤−0.7) for 12.7%.
- Total observations
- 6,762
- Mean correlation
- 0.173
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.3%
- Strong positive (≥0.7)
- 29.2%
- Sector
- Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 44 | 0.7% | |
| -0.9 to -0.8 | 409 | 6.0% | |
| -0.8 to -0.7 | 408 | 6.0% | |
| -0.7 to -0.6 | 323 | 4.8% | |
| -0.6 to -0.5 | 322 | 4.8% | |
| -0.5 to -0.4 | 228 | 3.4% | |
| -0.4 to -0.3 | 227 | 3.4% | |
| -0.3 to -0.2 | 193 | 2.9% | |
| -0.2 to -0.1 | 192 | 2.8% | |
| -0.1 to 0.0 | 203 | 3.0% | |
| 0.0 to 0.1 | 203 | 3.0% | |
| 0.1 to 0.2 | 233 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 316 | 4.7% | |
| 0.4 to 0.5 | 315 | 4.7% | |
| 0.5 to 0.6 | 471 | 7.0% | |
| 0.6 to 0.7 | 471 | 7.0% | |
| 0.7 to 0.8 | 903 | 13.4% | |
| 0.8 to 0.9 | 902 | 13.3% | |
| 0.9 to 1.0 | 167 | 2.5% |
Frequently asked questions
What is the average correlation of FGI?
FGI Industries Ltd. Ordinary Shares (FGI) has an average correlation of about 0.173 with other NASDAQ stocks, based on 6,762 pairwise observations.
Is FGI positively correlated with other stocks?
Mostly yes — 62.3% of pairs are positive and 37.7% are negative. Strong positive correlations (≥0.7) make up 29.2%.
What is the most common correlation range for FGI?
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 FGI.
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