General American Investors Company, Inc. (GAM) Correlation Distribution
Across 6,809 rolling correlation observations between General American Investors Company, Inc. (GAM) and other NASDAQ-listed stocks, 49.1% are positive and 50.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.067, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,809
- Mean correlation
- 0.067
- Most common range
- -0.5 to -0.4
- Positive pairs
- 49.1%
- Strong positive (≥0.7)
- 16.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 96 | 1.4% | |
| -0.8 to -0.7 | 95 | 1.4% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 582 | 8.5% | |
| -0.4 to -0.3 | 582 | 8.5% | |
| -0.3 to -0.2 | 574 | 8.4% | |
| -0.2 to -0.1 | 573 | 8.4% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 374 | 5.5% | |
| 0.1 to 0.2 | 298 | 4.4% | |
| 0.2 to 0.3 | 297 | 4.4% | |
| 0.3 to 0.4 | 305 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 334 | 4.9% | |
| 0.6 to 0.7 | 334 | 4.9% | |
| 0.7 to 0.8 | 474 | 7.0% | |
| 0.8 to 0.9 | 474 | 7.0% | |
| 0.9 to 1.0 | 146 | 2.1% |
Frequently asked questions
What is the average correlation of GAM?
General American Investors Company, Inc. (GAM) has an average correlation of about 0.067 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GAM positively correlated with other stocks?
Not predominantly — 49.1% of pairs are positive and 50.9% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for GAM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.6% of all pairs.
Explore the full interactive correlation distribution for GAM.
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