StealthGas, Inc. (GASS) Correlation Distribution
Across 6,809 rolling correlation observations between StealthGas, Inc. (GASS) and other NASDAQ-listed stocks, 35.7% are positive and 64.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.136, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.1% and strong negative correlations (≤−0.7) for 9.4%.
- Total observations
- 6,809
- Mean correlation
- -0.136
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.7%
- Strong positive (≥0.7)
- 11.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 316 | 4.6% | |
| -0.8 to -0.7 | 316 | 4.6% | |
| -0.7 to -0.6 | 849 | 12.5% | |
| -0.6 to -0.5 | 849 | 12.5% | |
| -0.5 to -0.4 | 606 | 8.9% | |
| -0.4 to -0.3 | 606 | 8.9% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 303 | 4.4% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 229 | 3.4% | |
| 0.4 to 0.5 | 228 | 3.3% | |
| 0.5 to 0.6 | 276 | 4.1% | |
| 0.6 to 0.7 | 275 | 4.0% | |
| 0.7 to 0.8 | 364 | 5.3% | |
| 0.8 to 0.9 | 364 | 5.3% | |
| 0.9 to 1.0 | 30 | 0.4% |
Frequently asked questions
What is the average correlation of GASS?
StealthGas, Inc. (GASS) has an average correlation of about -0.136 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GASS positively correlated with other stocks?
Not predominantly — 35.7% of pairs are positive and 64.3% are negative. Strong positive correlations (≥0.7) make up 11.1%.
What is the most common correlation range for GASS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for GASS.
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