GoodRx Holdings, Inc. Class A Common Stock (GDRX) Correlation Distribution
Across 6,808 rolling correlation observations between GoodRx Holdings, Inc. Class A Common Stock (GDRX) and other NASDAQ-listed stocks, 67.3% are positive and 32.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.29, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.9% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,808
- Mean correlation
- 0.29
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.3%
- Strong positive (≥0.7)
- 35.9%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 115 | 1.7% | |
| -0.8 to -0.7 | 115 | 1.7% | |
| -0.7 to -0.6 | 281 | 4.1% | |
| -0.6 to -0.5 | 280 | 4.1% | |
| -0.5 to -0.4 | 307 | 4.5% | |
| -0.4 to -0.3 | 307 | 4.5% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 271 | 4.0% | |
| -0.1 to 0.0 | 259 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 255 | 3.7% | |
| 0.2 to 0.3 | 254 | 3.7% | |
| 0.3 to 0.4 | 285 | 4.2% | |
| 0.4 to 0.5 | 284 | 4.2% | |
| 0.5 to 0.6 | 403 | 5.9% | |
| 0.6 to 0.7 | 402 | 5.9% | |
| 0.7 to 0.8 | 894 | 13.1% | |
| 0.8 to 0.9 | 893 | 13.1% | |
| 0.9 to 1.0 | 655 | 9.6% |
Frequently asked questions
What is the average correlation of GDRX?
GoodRx Holdings, Inc. Class A Common Stock (GDRX) has an average correlation of about 0.29 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is GDRX positively correlated with other stocks?
Mostly yes — 67.3% of pairs are positive and 32.7% are negative. Strong positive correlations (≥0.7) make up 35.9%.
What is the most common correlation range for GDRX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for GDRX.
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