Global Business Travel Group, Inc. (GBTG) Correlation Distribution
Across 6,684 rolling correlation observations between Global Business Travel Group, Inc. (GBTG) and other NASDAQ-listed stocks, 61.8% are positive and 38.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.135, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.8% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,684
- Mean correlation
- 0.135
- Most common range
- -0.3 to -0.2
- Positive pairs
- 61.8%
- Strong positive (≥0.7)
- 0.8%
- Sector
- Transportation Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 22 | 0.3% | |
| -0.6 to -0.5 | 22 | 0.3% | |
| -0.5 to -0.4 | 258 | 3.9% | |
| -0.4 to -0.3 | 258 | 3.9% | |
| -0.3 to -0.2 | 691 | 10.3% | |
| -0.2 to -0.1 | 691 | 10.3% | |
| -0.1 to 0.0 | 611 | 9.1% | |
| 0.0 to 0.1 | 610 | 9.1% | |
| 0.1 to 0.2 | 556 | 8.3% | |
| 0.2 to 0.3 | 556 | 8.3% | |
| 0.3 to 0.4 | 671 | 10.0% | |
| 0.4 to 0.5 | 671 | 10.0% | |
| 0.5 to 0.6 | 506 | 7.6% | |
| 0.6 to 0.7 | 506 | 7.6% | |
| 0.7 to 0.8 | 27 | 0.4% | |
| 0.8 to 0.9 | 27 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GBTG?
Global Business Travel Group, Inc. (GBTG) has an average correlation of about 0.135 with other NASDAQ stocks, based on 6,684 pairwise observations.
Is GBTG positively correlated with other stocks?
Mostly yes — 61.8% of pairs are positive and 38.2% are negative. Strong positive correlations (≥0.7) make up 0.8%.
What is the most common correlation range for GBTG?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 55.6% of all pairs.
Explore the full interactive correlation distribution for GBTG.
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