Global Indemnity Group, LLC (GBLI) Correlation Distribution
Across 6,787 rolling correlation observations between Global Indemnity Group, LLC (GBLI) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.042, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,787
- Mean correlation
- -0.042
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 5.9%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 38 | 0.6% | |
| -0.8 to -0.7 | 37 | 0.5% | |
| -0.7 to -0.6 | 419 | 6.2% | |
| -0.6 to -0.5 | 419 | 6.2% | |
| -0.5 to -0.4 | 872 | 12.8% | |
| -0.4 to -0.3 | 871 | 12.8% | |
| -0.3 to -0.2 | 532 | 7.8% | |
| -0.2 to -0.1 | 532 | 7.8% | |
| -0.1 to 0.0 | 317 | 4.7% | |
| 0.0 to 0.1 | 316 | 4.7% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 307 | 4.5% | |
| 0.5 to 0.6 | 425 | 6.3% | |
| 0.6 to 0.7 | 424 | 6.2% | |
| 0.7 to 0.8 | 200 | 2.9% | |
| 0.8 to 0.9 | 199 | 2.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GBLI?
Global Indemnity Group, LLC (GBLI) has an average correlation of about -0.042 with other NASDAQ stocks, based on 6,787 pairwise observations.
Is GBLI positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for GBLI?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 33.4% of all pairs.
Explore the full interactive correlation distribution for GBLI.
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