GBBK (GBBK) Correlation Distribution
Across 6,072 rolling correlation observations between GBBK (GBBK) and other NASDAQ-listed stocks, 44.8% are positive and 55.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 18.2% and strong negative correlations (≤−0.7) for 24.3%.
- Total observations
- 6,072
- Mean correlation
- -0.068
- Most common range
- -0.9 to -0.8
- Positive pairs
- 44.8%
- Strong positive (≥0.7)
- 18.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 177 | 2.9% | |
| -0.9 to -0.8 | 651 | 10.7% | |
| -0.8 to -0.7 | 650 | 10.7% | |
| -0.7 to -0.6 | 359 | 5.9% | |
| -0.6 to -0.5 | 359 | 5.9% | |
| -0.5 to -0.4 | 253 | 4.2% | |
| -0.4 to -0.3 | 253 | 4.2% | |
| -0.3 to -0.2 | 233 | 3.8% | |
| -0.2 to -0.1 | 232 | 3.8% | |
| -0.1 to 0.0 | 186 | 3.1% | |
| 0.0 to 0.1 | 186 | 3.1% | |
| 0.1 to 0.2 | 216 | 3.6% | |
| 0.2 to 0.3 | 215 | 3.5% | |
| 0.3 to 0.4 | 209 | 3.4% | |
| 0.4 to 0.5 | 208 | 3.4% | |
| 0.5 to 0.6 | 289 | 4.8% | |
| 0.6 to 0.7 | 288 | 4.7% | |
| 0.7 to 0.8 | 427 | 7.0% | |
| 0.8 to 0.9 | 427 | 7.0% | |
| 0.9 to 1.0 | 254 | 4.2% |
Frequently asked questions
What is the average correlation of GBBK?
GBBK (GBBK) has an average correlation of about -0.068 with other NASDAQ stocks, based on 6,072 pairwise observations.
Is GBBK positively correlated with other stocks?
Not predominantly — 44.8% of pairs are positive and 55.2% are negative. Strong positive correlations (≥0.7) make up 18.2%.
What is the most common correlation range for GBBK?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for GBBK.
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