Golden Heaven Group Holdings Ltd. Class A Ordinary Shares (GDHG) Correlation Distribution
Across 6,090 rolling correlation observations between Golden Heaven Group Holdings Ltd. Class A Ordinary Shares (GDHG) and other NASDAQ-listed stocks, 38.9% are positive and 61.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.128, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,090
- Mean correlation
- -0.128
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.9%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 564 | 9.3% | |
| -0.6 to -0.5 | 564 | 9.3% | |
| -0.5 to -0.4 | 739 | 12.1% | |
| -0.4 to -0.3 | 738 | 12.1% | |
| -0.3 to -0.2 | 384 | 6.3% | |
| -0.2 to -0.1 | 383 | 6.3% | |
| -0.1 to 0.0 | 335 | 5.5% | |
| 0.0 to 0.1 | 335 | 5.5% | |
| 0.1 to 0.2 | 490 | 8.0% | |
| 0.2 to 0.3 | 490 | 8.0% | |
| 0.3 to 0.4 | 444 | 7.3% | |
| 0.4 to 0.5 | 443 | 7.3% | |
| 0.5 to 0.6 | 81 | 1.3% | |
| 0.6 to 0.7 | 81 | 1.3% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GDHG?
Golden Heaven Group Holdings Ltd. Class A Ordinary Shares (GDHG) has an average correlation of about -0.128 with other NASDAQ stocks, based on 6,090 pairwise observations.
Is GDHG positively correlated with other stocks?
Not predominantly — 38.9% of pairs are positive and 61.1% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for GDHG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 39.7% of all pairs.
Explore the full interactive correlation distribution for GDHG.
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