GAQ (GAQ) Correlation Distribution
Across 5,911 rolling correlation observations between GAQ (GAQ) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.132, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 25.5%.
- Total observations
- 5,911
- Mean correlation
- -0.132
- Most common range
- -0.9 to -0.8
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 15.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 212 | 3.6% | |
| -0.9 to -0.8 | 647 | 10.9% | |
| -0.8 to -0.7 | 646 | 10.9% | |
| -0.7 to -0.6 | 423 | 7.2% | |
| -0.6 to -0.5 | 422 | 7.1% | |
| -0.5 to -0.4 | 283 | 4.8% | |
| -0.4 to -0.3 | 282 | 4.8% | |
| -0.3 to -0.2 | 234 | 4.0% | |
| -0.2 to -0.1 | 233 | 3.9% | |
| -0.1 to 0.0 | 194 | 3.3% | |
| 0.0 to 0.1 | 193 | 3.3% | |
| 0.1 to 0.2 | 186 | 3.1% | |
| 0.2 to 0.3 | 186 | 3.1% | |
| 0.3 to 0.4 | 179 | 3.0% | |
| 0.4 to 0.5 | 179 | 3.0% | |
| 0.5 to 0.6 | 244 | 4.1% | |
| 0.6 to 0.7 | 243 | 4.1% | |
| 0.7 to 0.8 | 361 | 6.1% | |
| 0.8 to 0.9 | 360 | 6.1% | |
| 0.9 to 1.0 | 204 | 3.5% |
Frequently asked questions
What is the average correlation of GAQ?
GAQ (GAQ) has an average correlation of about -0.132 with other NASDAQ stocks, based on 5,911 pairwise observations.
Is GAQ positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for GAQ?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for GAQ.
Open interactive dashboard →