Forge Global Holdings, Inc. (FRGE) Correlation Distribution
Across 6,731 rolling correlation observations between Forge Global Holdings, Inc. (FRGE) and other NASDAQ-listed stocks, 63.9% are positive and 36.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.189, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.8% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,731
- Mean correlation
- 0.189
- Most common range
- 0.5 to 0.6
- Positive pairs
- 63.9%
- Strong positive (≥0.7)
- 11.8%
- Sector
- Security & Commodity Brokers, Dealers, Exchanges & Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 117 | 1.7% | |
| -0.6 to -0.5 | 117 | 1.7% | |
| -0.5 to -0.4 | 494 | 7.3% | |
| -0.4 to -0.3 | 494 | 7.3% | |
| -0.3 to -0.2 | 421 | 6.3% | |
| -0.2 to -0.1 | 420 | 6.2% | |
| -0.1 to 0.0 | 340 | 5.1% | |
| 0.0 to 0.1 | 340 | 5.1% | |
| 0.1 to 0.2 | 405 | 6.0% | |
| 0.2 to 0.3 | 404 | 6.0% | |
| 0.3 to 0.4 | 552 | 8.2% | |
| 0.4 to 0.5 | 552 | 8.2% | |
| 0.5 to 0.6 | 629 | 9.3% | |
| 0.6 to 0.7 | 629 | 9.3% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 386 | 5.7% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of FRGE?
Forge Global Holdings, Inc. (FRGE) has an average correlation of about 0.189 with other NASDAQ stocks, based on 6,731 pairwise observations.
Is FRGE positively correlated with other stocks?
Mostly yes — 63.9% of pairs are positive and 36.1% are negative. Strong positive correlations (≥0.7) make up 11.8%.
What is the most common correlation range for FRGE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.6% of all pairs.
Explore the full interactive correlation distribution for FRGE.
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