GATE (GATE) Correlation Distribution
Across 6,027 rolling correlation observations between GATE (GATE) and other NASDAQ-listed stocks, 36.9% are positive and 63.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,027
- Mean correlation
- -0.07
- Most common range
- -0.3 to -0.2
- Positive pairs
- 36.9%
- Strong positive (≥0.7)
- 1.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 134 | 2.2% | |
| -0.8 to -0.7 | 133 | 2.2% | |
| -0.7 to -0.6 | 86 | 1.4% | |
| -0.6 to -0.5 | 86 | 1.4% | |
| -0.5 to -0.4 | 142 | 2.4% | |
| -0.4 to -0.3 | 142 | 2.4% | |
| -0.3 to -0.2 | 1,244 | 20.6% | |
| -0.2 to -0.1 | 1,244 | 20.6% | |
| -0.1 to 0.0 | 576 | 9.6% | |
| 0.0 to 0.1 | 575 | 9.5% | |
| 0.1 to 0.2 | 498 | 8.3% | |
| 0.2 to 0.3 | 497 | 8.2% | |
| 0.3 to 0.4 | 251 | 4.2% | |
| 0.4 to 0.5 | 251 | 4.2% | |
| 0.5 to 0.6 | 29 | 0.5% | |
| 0.6 to 0.7 | 28 | 0.5% | |
| 0.7 to 0.8 | 28 | 0.5% | |
| 0.8 to 0.9 | 27 | 0.4% | |
| 0.9 to 1.0 | 42 | 0.7% |
Frequently asked questions
What is the average correlation of GATE?
GATE (GATE) has an average correlation of about -0.07 with other NASDAQ stocks, based on 6,027 pairwise observations.
Is GATE positively correlated with other stocks?
Not predominantly — 36.9% of pairs are positive and 63.1% are negative. Strong positive correlations (≥0.7) make up 1.6%.
What is the most common correlation range for GATE?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 76.9% of all pairs.
Explore the full interactive correlation distribution for GATE.
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