GoDaddy Inc (GDDY) Correlation Distribution
Across 6,809 rolling correlation observations between GoDaddy Inc (GDDY) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.5% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 6,809
- Mean correlation
- -0.034
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 13.5%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 163 | 2.4% | |
| -0.8 to -0.7 | 162 | 2.4% | |
| -0.7 to -0.6 | 451 | 6.6% | |
| -0.6 to -0.5 | 451 | 6.6% | |
| -0.5 to -0.4 | 789 | 11.6% | |
| -0.4 to -0.3 | 789 | 11.6% | |
| -0.3 to -0.2 | 457 | 6.7% | |
| -0.2 to -0.1 | 457 | 6.7% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 282 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 246 | 3.6% | |
| 0.5 to 0.6 | 268 | 3.9% | |
| 0.6 to 0.7 | 267 | 3.9% | |
| 0.7 to 0.8 | 364 | 5.3% | |
| 0.8 to 0.9 | 364 | 5.3% | |
| 0.9 to 1.0 | 189 | 2.8% |
Frequently asked questions
What is the average correlation of GDDY?
GoDaddy Inc (GDDY) has an average correlation of about -0.034 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GDDY positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 13.5%.
What is the most common correlation range for GDDY?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.2% of all pairs.
Explore the full interactive correlation distribution for GDDY.
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