Green Dot Corporation (GDOT) Correlation Distribution
Across 6,809 rolling correlation observations between Green Dot Corporation (GDOT) and other NASDAQ-listed stocks, 65.4% are positive and 34.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.249, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.8% and strong negative correlations (≤−0.7) for 10.9%.
- Total observations
- 6,809
- Mean correlation
- 0.249
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.4%
- Strong positive (≥0.7)
- 37.8%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 51 | 0.7% | |
| -0.9 to -0.8 | 346 | 5.1% | |
| -0.8 to -0.7 | 345 | 5.1% | |
| -0.7 to -0.6 | 302 | 4.4% | |
| -0.6 to -0.5 | 302 | 4.4% | |
| -0.5 to -0.4 | 208 | 3.1% | |
| -0.4 to -0.3 | 208 | 3.1% | |
| -0.3 to -0.2 | 200 | 2.9% | |
| -0.2 to -0.1 | 200 | 2.9% | |
| -0.1 to 0.0 | 193 | 2.8% | |
| 0.0 to 0.1 | 192 | 2.8% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 252 | 3.7% | |
| 0.4 to 0.5 | 251 | 3.7% | |
| 0.5 to 0.6 | 391 | 5.7% | |
| 0.6 to 0.7 | 391 | 5.7% | |
| 0.7 to 0.8 | 962 | 14.1% | |
| 0.8 to 0.9 | 962 | 14.1% | |
| 0.9 to 1.0 | 651 | 9.6% |
Frequently asked questions
What is the average correlation of GDOT?
Green Dot Corporation (GDOT) has an average correlation of about 0.249 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GDOT positively correlated with other stocks?
Mostly yes — 65.4% of pairs are positive and 34.6% are negative. Strong positive correlations (≥0.7) make up 37.8%.
What is the most common correlation range for GDOT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for GDOT.
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