GigaCloud Technology Inc Class A Ordinary Shares (GCT) Correlation Distribution
Across 6,591 rolling correlation observations between GigaCloud Technology Inc Class A Ordinary Shares (GCT) and other NASDAQ-listed stocks, 54% are positive and 46% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.058, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,591
- Mean correlation
- 0.058
- Most common range
- 0.5 to 0.6
- Positive pairs
- 54%
- Strong positive (≥0.7)
- 5.9%
- Sector
- Retail-Catalog & Mail-Order Houses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 426 | 6.5% | |
| -0.6 to -0.5 | 425 | 6.4% | |
| -0.5 to -0.4 | 497 | 7.5% | |
| -0.4 to -0.3 | 497 | 7.5% | |
| -0.3 to -0.2 | 386 | 5.9% | |
| -0.2 to -0.1 | 385 | 5.8% | |
| -0.1 to 0.0 | 346 | 5.2% | |
| 0.0 to 0.1 | 345 | 5.2% | |
| 0.1 to 0.2 | 391 | 5.9% | |
| 0.2 to 0.3 | 391 | 5.9% | |
| 0.3 to 0.4 | 495 | 7.5% | |
| 0.4 to 0.5 | 494 | 7.5% | |
| 0.5 to 0.6 | 527 | 8.0% | |
| 0.6 to 0.7 | 526 | 8.0% | |
| 0.7 to 0.8 | 196 | 3.0% | |
| 0.8 to 0.9 | 195 | 3.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GCT?
GigaCloud Technology Inc Class A Ordinary Shares (GCT) has an average correlation of about 0.058 with other NASDAQ stocks, based on 6,591 pairwise observations.
Is GCT positively correlated with other stocks?
Mostly yes — 54% of pairs are positive and 46% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for GCT?
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 GCT.
Open interactive dashboard →