FRGAP (FRGAP) Correlation Distribution
Across 6,212 rolling correlation observations between FRGAP (FRGAP) and other NASDAQ-listed stocks, 78.4% are positive and 21.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.346, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 19.3% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,212
- Mean correlation
- 0.346
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.4%
- Strong positive (≥0.7)
- 19.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 143 | 2.3% | |
| -0.6 to -0.5 | 143 | 2.3% | |
| -0.5 to -0.4 | 198 | 3.2% | |
| -0.4 to -0.3 | 197 | 3.2% | |
| -0.3 to -0.2 | 203 | 3.3% | |
| -0.2 to -0.1 | 203 | 3.3% | |
| -0.1 to 0.0 | 234 | 3.8% | |
| 0.0 to 0.1 | 234 | 3.8% | |
| 0.1 to 0.2 | 281 | 4.5% | |
| 0.2 to 0.3 | 281 | 4.5% | |
| 0.3 to 0.4 | 543 | 8.7% | |
| 0.4 to 0.5 | 543 | 8.7% | |
| 0.5 to 0.6 | 893 | 14.4% | |
| 0.6 to 0.7 | 893 | 14.4% | |
| 0.7 to 0.8 | 600 | 9.7% | |
| 0.8 to 0.9 | 600 | 9.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FRGAP?
FRGAP (FRGAP) has an average correlation of about 0.346 with other NASDAQ stocks, based on 6,212 pairwise observations.
Is FRGAP positively correlated with other stocks?
Mostly yes — 78.4% of pairs are positive and 21.6% are negative. Strong positive correlations (≥0.7) make up 19.3%.
What is the most common correlation range for FRGAP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for FRGAP.
Open interactive dashboard →