Gambling.com Group Limited Ordinary Shares (GAMB) Correlation Distribution
Across 6,804 rolling correlation observations between Gambling.com Group Limited Ordinary Shares (GAMB) and other NASDAQ-listed stocks, 47.9% are positive and 52.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.013, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,804
- Mean correlation
- 0.013
- Most common range
- -0.3 to -0.2
- Positive pairs
- 47.9%
- Strong positive (≥0.7)
- 0.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 44 | 0.6% | |
| -0.6 to -0.5 | 43 | 0.6% | |
| -0.5 to -0.4 | 364 | 5.3% | |
| -0.4 to -0.3 | 364 | 5.3% | |
| -0.3 to -0.2 | 950 | 14.0% | |
| -0.2 to -0.1 | 950 | 14.0% | |
| -0.1 to 0.0 | 826 | 12.1% | |
| 0.0 to 0.1 | 826 | 12.1% | |
| 0.1 to 0.2 | 552 | 8.1% | |
| 0.2 to 0.3 | 552 | 8.1% | |
| 0.3 to 0.4 | 523 | 7.7% | |
| 0.4 to 0.5 | 522 | 7.7% | |
| 0.5 to 0.6 | 135 | 2.0% | |
| 0.6 to 0.7 | 135 | 2.0% | |
| 0.7 to 0.8 | 7 | 0.1% | |
| 0.8 to 0.9 | 7 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GAMB?
Gambling.com Group Limited Ordinary Shares (GAMB) has an average correlation of about 0.013 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is GAMB positively correlated with other stocks?
Not predominantly — 47.9% of pairs are positive and 52.1% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for GAMB?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 68.4% of all pairs.
Explore the full interactive correlation distribution for GAMB.
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