GAMCW (GAMCW) Correlation Distribution
Across 5,936 rolling correlation observations between GAMCW (GAMCW) and other NASDAQ-listed stocks, 78.2% are positive and 21.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.441, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 47% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 5,936
- Mean correlation
- 0.441
- Most common range
- 0.7 to 0.8
- Positive pairs
- 78.2%
- Strong positive (≥0.7)
- 47%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 73 | 1.2% | |
| -0.8 to -0.7 | 72 | 1.2% | |
| -0.7 to -0.6 | 158 | 2.7% | |
| -0.6 to -0.5 | 157 | 2.6% | |
| -0.5 to -0.4 | 176 | 3.0% | |
| -0.4 to -0.3 | 175 | 2.9% | |
| -0.3 to -0.2 | 156 | 2.6% | |
| -0.2 to -0.1 | 155 | 2.6% | |
| -0.1 to 0.0 | 166 | 2.8% | |
| 0.0 to 0.1 | 165 | 2.8% | |
| 0.1 to 0.2 | 176 | 3.0% | |
| 0.2 to 0.3 | 175 | 2.9% | |
| 0.3 to 0.4 | 249 | 4.2% | |
| 0.4 to 0.5 | 249 | 4.2% | |
| 0.5 to 0.6 | 421 | 7.1% | |
| 0.6 to 0.7 | 420 | 7.1% | |
| 0.7 to 0.8 | 966 | 16.3% | |
| 0.8 to 0.9 | 965 | 16.3% | |
| 0.9 to 1.0 | 856 | 14.4% |
Frequently asked questions
What is the average correlation of GAMCW?
GAMCW (GAMCW) has an average correlation of about 0.441 with other NASDAQ stocks, based on 5,936 pairwise observations.
Is GAMCW positively correlated with other stocks?
Mostly yes — 78.2% of pairs are positive and 21.8% are negative. Strong positive correlations (≥0.7) make up 47%.
What is the most common correlation range for GAMCW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for GAMCW.
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