FG Merger II Corp. Common stock (FGMC) Correlation Distribution
Across 5,128 rolling correlation observations between FG Merger II Corp. Common stock (FGMC) and other NASDAQ-listed stocks, 48.6% are positive and 51.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 5,128
- Mean correlation
- -0.017
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.6%
- Strong positive (≥0.7)
- 0%
- Sector
- Blank Checks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 112 | 2.2% | |
| -0.6 to -0.5 | 111 | 2.2% | |
| -0.5 to -0.4 | 626 | 12.2% | |
| -0.4 to -0.3 | 625 | 12.2% | |
| -0.3 to -0.2 | 349 | 6.8% | |
| -0.2 to -0.1 | 348 | 6.8% | |
| -0.1 to 0.0 | 462 | 9.0% | |
| 0.0 to 0.1 | 462 | 9.0% | |
| 0.1 to 0.2 | 445 | 8.7% | |
| 0.2 to 0.3 | 445 | 8.7% | |
| 0.3 to 0.4 | 432 | 8.4% | |
| 0.4 to 0.5 | 432 | 8.4% | |
| 0.5 to 0.6 | 139 | 2.7% | |
| 0.6 to 0.7 | 138 | 2.7% | |
| 0.7 to 0.8 | 0 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FGMC?
FG Merger II Corp. Common stock (FGMC) has an average correlation of about -0.017 with other NASDAQ stocks, based on 5,128 pairwise observations.
Is FGMC positively correlated with other stocks?
Not predominantly — 48.6% of pairs are positive and 51.4% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for FGMC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 49% of all pairs.
Explore the full interactive correlation distribution for FGMC.
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