GlucoTrack, Inc. Common Stock (GCTK) Correlation Distribution
Across 6,670 rolling correlation observations between GlucoTrack, Inc. Common Stock (GCTK) and other NASDAQ-listed stocks, 62.7% are positive and 37.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.196, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,670
- Mean correlation
- 0.196
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.7%
- Strong positive (≥0.7)
- 27%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 185 | 2.8% | |
| -0.8 to -0.7 | 185 | 2.8% | |
| -0.7 to -0.6 | 358 | 5.4% | |
| -0.6 to -0.5 | 358 | 5.4% | |
| -0.5 to -0.4 | 324 | 4.9% | |
| -0.4 to -0.3 | 323 | 4.8% | |
| -0.3 to -0.2 | 247 | 3.7% | |
| -0.2 to -0.1 | 247 | 3.7% | |
| -0.1 to 0.0 | 238 | 3.6% | |
| 0.0 to 0.1 | 237 | 3.6% | |
| 0.1 to 0.2 | 289 | 4.3% | |
| 0.2 to 0.3 | 288 | 4.3% | |
| 0.3 to 0.4 | 338 | 5.1% | |
| 0.4 to 0.5 | 338 | 5.1% | |
| 0.5 to 0.6 | 446 | 6.7% | |
| 0.6 to 0.7 | 446 | 6.7% | |
| 0.7 to 0.8 | 720 | 10.8% | |
| 0.8 to 0.9 | 719 | 10.8% | |
| 0.9 to 1.0 | 359 | 5.4% |
Frequently asked questions
What is the average correlation of GCTK?
GlucoTrack, Inc. Common Stock (GCTK) has an average correlation of about 0.196 with other NASDAQ stocks, based on 6,670 pairwise observations.
Is GCTK positively correlated with other stocks?
Mostly yes — 62.7% of pairs are positive and 37.3% are negative. Strong positive correlations (≥0.7) make up 27%.
What is the most common correlation range for GCTK?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for GCTK.
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