Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL) Correlation Distribution
Across 6,335 rolling correlation observations between Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL) and other NASDAQ-listed stocks, 55.7% are positive and 44.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.11, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,335
- Mean correlation
- 0.11
- Most common range
- 0.5 to 0.6
- Positive pairs
- 55.7%
- Strong positive (≥0.7)
- 12%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.2% | |
| -0.8 to -0.7 | 73 | 1.2% | |
| -0.7 to -0.6 | 291 | 4.6% | |
| -0.6 to -0.5 | 291 | 4.6% | |
| -0.5 to -0.4 | 413 | 6.5% | |
| -0.4 to -0.3 | 412 | 6.5% | |
| -0.3 to -0.2 | 427 | 6.7% | |
| -0.2 to -0.1 | 426 | 6.7% | |
| -0.1 to 0.0 | 403 | 6.4% | |
| 0.0 to 0.1 | 402 | 6.3% | |
| 0.1 to 0.2 | 286 | 4.5% | |
| 0.2 to 0.3 | 286 | 4.5% | |
| 0.3 to 0.4 | 329 | 5.2% | |
| 0.4 to 0.5 | 328 | 5.2% | |
| 0.5 to 0.6 | 568 | 9.0% | |
| 0.6 to 0.7 | 568 | 9.0% | |
| 0.7 to 0.8 | 379 | 6.0% | |
| 0.8 to 0.9 | 378 | 6.0% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of GAINL?
Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL) has an average correlation of about 0.11 with other NASDAQ stocks, based on 6,335 pairwise observations.
Is GAINL positively correlated with other stocks?
Mostly yes — 55.7% of pairs are positive and 44.3% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for GAINL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.2% of all pairs.
Explore the full interactive correlation distribution for GAINL.
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