GATX Corporation (GATX) Correlation Distribution
Across 6,809 rolling correlation observations between GATX Corporation (GATX) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.077, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 10.2%.
- Total observations
- 6,809
- Mean correlation
- -0.077
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Transportation Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 345 | 5.1% | |
| -0.8 to -0.7 | 345 | 5.1% | |
| -0.7 to -0.6 | 827 | 12.1% | |
| -0.6 to -0.5 | 826 | 12.1% | |
| -0.5 to -0.4 | 477 | 7.0% | |
| -0.4 to -0.3 | 476 | 7.0% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 268 | 3.9% | |
| -0.1 to 0.0 | 226 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 211 | 3.1% | |
| 0.2 to 0.3 | 210 | 3.1% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 275 | 4.0% | |
| 0.6 to 0.7 | 274 | 4.0% | |
| 0.7 to 0.8 | 475 | 7.0% | |
| 0.8 to 0.9 | 475 | 7.0% | |
| 0.9 to 1.0 | 175 | 2.6% |
Frequently asked questions
What is the average correlation of GATX?
GATX Corporation (GATX) has an average correlation of about -0.077 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GATX positively correlated with other stocks?
Not predominantly — 40.4% of pairs are positive and 59.6% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for GATX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for GATX.
Open interactive dashboard →