Global Blue Group Holding AG (GB) Correlation Distribution
Across 6,805 rolling correlation observations between Global Blue Group Holding AG (GB) and other NASDAQ-listed stocks, 66.8% are positive and 33.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.232, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.8% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,805
- Mean correlation
- 0.232
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.8%
- Strong positive (≥0.7)
- 18.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 44 | 0.6% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 157 | 2.3% | |
| -0.6 to -0.5 | 156 | 2.3% | |
| -0.5 to -0.4 | 346 | 5.1% | |
| -0.4 to -0.3 | 346 | 5.1% | |
| -0.3 to -0.2 | 409 | 6.0% | |
| -0.2 to -0.1 | 408 | 6.0% | |
| -0.1 to 0.0 | 353 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 388 | 5.7% | |
| 0.2 to 0.3 | 387 | 5.7% | |
| 0.3 to 0.4 | 468 | 6.9% | |
| 0.4 to 0.5 | 468 | 6.9% | |
| 0.5 to 0.6 | 599 | 8.8% | |
| 0.6 to 0.7 | 598 | 8.8% | |
| 0.7 to 0.8 | 627 | 9.2% | |
| 0.8 to 0.9 | 626 | 9.2% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of GB?
Global Blue Group Holding AG (GB) has an average correlation of about 0.232 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is GB positively correlated with other stocks?
Mostly yes — 66.8% of pairs are positive and 33.2% are negative. Strong positive correlations (≥0.7) make up 18.8%.
What is the most common correlation range for GB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 33.8% of all pairs.
Explore the full interactive correlation distribution for GB.
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