CytoMed Therapeutics Limited Ordinary Shares (GDTC) Correlation Distribution
Across 6,079 rolling correlation observations between CytoMed Therapeutics Limited Ordinary Shares (GDTC) and other NASDAQ-listed stocks, 45.1% are positive and 54.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.046, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,079
- Mean correlation
- -0.046
- Most common range
- -0.7 to -0.6
- Positive pairs
- 45.1%
- Strong positive (≥0.7)
- 2.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 71 | 1.2% | |
| -0.8 to -0.7 | 70 | 1.2% | |
| -0.7 to -0.6 | 616 | 10.1% | |
| -0.6 to -0.5 | 615 | 10.1% | |
| -0.5 to -0.4 | 518 | 8.5% | |
| -0.4 to -0.3 | 518 | 8.5% | |
| -0.3 to -0.2 | 325 | 5.3% | |
| -0.2 to -0.1 | 324 | 5.3% | |
| -0.1 to 0.0 | 279 | 4.6% | |
| 0.0 to 0.1 | 278 | 4.6% | |
| 0.1 to 0.2 | 278 | 4.6% | |
| 0.2 to 0.3 | 278 | 4.6% | |
| 0.3 to 0.4 | 429 | 7.1% | |
| 0.4 to 0.5 | 429 | 7.1% | |
| 0.5 to 0.6 | 452 | 7.4% | |
| 0.6 to 0.7 | 452 | 7.4% | |
| 0.7 to 0.8 | 73 | 1.2% | |
| 0.8 to 0.9 | 73 | 1.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GDTC?
CytoMed Therapeutics Limited Ordinary Shares (GDTC) has an average correlation of about -0.046 with other NASDAQ stocks, based on 6,079 pairwise observations.
Is GDTC positively correlated with other stocks?
Not predominantly — 45.1% of pairs are positive and 54.9% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for GDTC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for GDTC.
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