GATEU (GATEU) Correlation Distribution
Across 4,874 rolling correlation observations between GATEU (GATEU) and other NASDAQ-listed stocks, 37.5% are positive and 62.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.044, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 4,874
- Mean correlation
- -0.044
- Most common range
- -0.3 to -0.2
- Positive pairs
- 37.5%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 16 | 0.3% | |
| -0.6 to -0.5 | 16 | 0.3% | |
| -0.5 to -0.4 | 178 | 3.7% | |
| -0.4 to -0.3 | 178 | 3.7% | |
| -0.3 to -0.2 | 1,073 | 22.0% | |
| -0.2 to -0.1 | 1,072 | 22.0% | |
| -0.1 to 0.0 | 505 | 10.4% | |
| 0.0 to 0.1 | 505 | 10.4% | |
| 0.1 to 0.2 | 379 | 7.8% | |
| 0.2 to 0.3 | 379 | 7.8% | |
| 0.3 to 0.4 | 271 | 5.6% | |
| 0.4 to 0.5 | 270 | 5.5% | |
| 0.5 to 0.6 | 9 | 0.2% | |
| 0.6 to 0.7 | 9 | 0.2% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GATEU?
GATEU (GATEU) has an average correlation of about -0.044 with other NASDAQ stocks, based on 4,874 pairwise observations.
Is GATEU positively correlated with other stocks?
Not predominantly — 37.5% of pairs are positive and 62.5% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for GATEU?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 80.3% of all pairs.
Explore the full interactive correlation distribution for GATEU.
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