GBNH (GBNH) Correlation Distribution
Across 6,524 rolling correlation observations between GBNH (GBNH) and other NASDAQ-listed stocks, 76% are positive and 24% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.4, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 46.1% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,524
- Mean correlation
- 0.4
- Most common range
- 0.7 to 0.8
- Positive pairs
- 76%
- Strong positive (≥0.7)
- 46.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 195 | 3.0% | |
| -0.8 to -0.7 | 195 | 3.0% | |
| -0.7 to -0.6 | 199 | 3.1% | |
| -0.6 to -0.5 | 199 | 3.1% | |
| -0.5 to -0.4 | 161 | 2.5% | |
| -0.4 to -0.3 | 160 | 2.5% | |
| -0.3 to -0.2 | 144 | 2.2% | |
| -0.2 to -0.1 | 144 | 2.2% | |
| -0.1 to 0.0 | 142 | 2.2% | |
| 0.0 to 0.1 | 141 | 2.2% | |
| 0.1 to 0.2 | 196 | 3.0% | |
| 0.2 to 0.3 | 196 | 3.0% | |
| 0.3 to 0.4 | 258 | 4.0% | |
| 0.4 to 0.5 | 258 | 4.0% | |
| 0.5 to 0.6 | 453 | 6.9% | |
| 0.6 to 0.7 | 452 | 6.9% | |
| 0.7 to 0.8 | 1,032 | 15.8% | |
| 0.8 to 0.9 | 1,031 | 15.8% | |
| 0.9 to 1.0 | 942 | 14.4% |
Frequently asked questions
What is the average correlation of GBNH?
GBNH (GBNH) has an average correlation of about 0.4 with other NASDAQ stocks, based on 6,524 pairwise observations.
Is GBNH positively correlated with other stocks?
Mostly yes — 76% of pairs are positive and 24% are negative. Strong positive correlations (≥0.7) make up 46.1%.
What is the most common correlation range for GBNH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 14.8% of all pairs.
Explore the full interactive correlation distribution for GBNH.
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