GCM Grosvenor Inc. Class A Common Stock (GCMG) Correlation Distribution
Across 6,808 rolling correlation observations between GCM Grosvenor Inc. Class A Common Stock (GCMG) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.215, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,808
- Mean correlation
- 0.215
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 10%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 223 | 3.3% | |
| -0.4 to -0.3 | 222 | 3.3% | |
| -0.3 to -0.2 | 286 | 4.2% | |
| -0.2 to -0.1 | 285 | 4.2% | |
| -0.1 to 0.0 | 384 | 5.6% | |
| 0.0 to 0.1 | 384 | 5.6% | |
| 0.1 to 0.2 | 577 | 8.5% | |
| 0.2 to 0.3 | 576 | 8.5% | |
| 0.3 to 0.4 | 850 | 12.5% | |
| 0.4 to 0.5 | 850 | 12.5% | |
| 0.5 to 0.6 | 508 | 7.5% | |
| 0.6 to 0.7 | 507 | 7.4% | |
| 0.7 to 0.8 | 325 | 4.8% | |
| 0.8 to 0.9 | 324 | 4.8% | |
| 0.9 to 1.0 | 35 | 0.5% |
Frequently asked questions
What is the average correlation of GCMG?
GCM Grosvenor Inc. Class A Common Stock (GCMG) has an average correlation of about 0.215 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is GCMG positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for GCMG?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.6% of all pairs.
Explore the full interactive correlation distribution for GCMG.
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