GATO (GATO) Correlation Distribution
Across 6,799 rolling correlation observations between GATO (GATO) and other NASDAQ-listed stocks, 74.8% are positive and 25.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.235, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,799
- Mean correlation
- 0.235
- Most common range
- 0.3 to 0.4
- Positive pairs
- 74.8%
- Strong positive (≥0.7)
- 9.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 53 | 0.8% | |
| -0.8 to -0.7 | 52 | 0.8% | |
| -0.7 to -0.6 | 151 | 2.2% | |
| -0.6 to -0.5 | 151 | 2.2% | |
| -0.5 to -0.4 | 207 | 3.0% | |
| -0.4 to -0.3 | 206 | 3.0% | |
| -0.3 to -0.2 | 259 | 3.8% | |
| -0.2 to -0.1 | 259 | 3.8% | |
| -0.1 to 0.0 | 377 | 5.5% | |
| 0.0 to 0.1 | 376 | 5.5% | |
| 0.1 to 0.2 | 581 | 8.5% | |
| 0.2 to 0.3 | 581 | 8.5% | |
| 0.3 to 0.4 | 882 | 13.0% | |
| 0.4 to 0.5 | 882 | 13.0% | |
| 0.5 to 0.6 | 579 | 8.5% | |
| 0.6 to 0.7 | 579 | 8.5% | |
| 0.7 to 0.8 | 303 | 4.5% | |
| 0.8 to 0.9 | 303 | 4.5% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of GATO?
GATO (GATO) has an average correlation of about 0.235 with other NASDAQ stocks, based on 6,799 pairwise observations.
Is GATO positively correlated with other stocks?
Mostly yes — 74.8% of pairs are positive and 25.2% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for GATO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.8% of all pairs.
Explore the full interactive correlation distribution for GATO.
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