Genesco Inc. (GCO) Correlation Distribution
Across 6,809 rolling correlation observations between Genesco Inc. (GCO) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.256, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.8% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,809
- Mean correlation
- 0.256
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 14.8%
- Sector
- Retail-Shoe Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 83 | 1.2% | |
| -0.8 to -0.7 | 82 | 1.2% | |
| -0.7 to -0.6 | 86 | 1.3% | |
| -0.6 to -0.5 | 85 | 1.2% | |
| -0.5 to -0.4 | 267 | 3.9% | |
| -0.4 to -0.3 | 267 | 3.9% | |
| -0.3 to -0.2 | 327 | 4.8% | |
| -0.2 to -0.1 | 326 | 4.8% | |
| -0.1 to 0.0 | 374 | 5.5% | |
| 0.0 to 0.1 | 373 | 5.5% | |
| 0.1 to 0.2 | 457 | 6.7% | |
| 0.2 to 0.3 | 457 | 6.7% | |
| 0.3 to 0.4 | 578 | 8.5% | |
| 0.4 to 0.5 | 578 | 8.5% | |
| 0.5 to 0.6 | 728 | 10.7% | |
| 0.6 to 0.7 | 728 | 10.7% | |
| 0.7 to 0.8 | 493 | 7.2% | |
| 0.8 to 0.9 | 492 | 7.2% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of GCO?
Genesco Inc. (GCO) has an average correlation of about 0.256 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GCO positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 14.8%.
What is the most common correlation range for GCO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34% of all pairs.
Explore the full interactive correlation distribution for GCO.
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