Grid Dynamics Holdings, Inc. Class A Common Stock (GDYN) Correlation Distribution
Across 6,809 rolling correlation observations between Grid Dynamics Holdings, Inc. Class A Common Stock (GDYN) and other NASDAQ-listed stocks, 76% are positive and 24% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.241, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.241
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76%
- Strong positive (≥0.7)
- 6.2%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 71 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 151 | 2.2% | |
| -0.4 to -0.3 | 151 | 2.2% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 595 | 8.7% | |
| 0.0 to 0.1 | 594 | 8.7% | |
| 0.1 to 0.2 | 695 | 10.2% | |
| 0.2 to 0.3 | 695 | 10.2% | |
| 0.3 to 0.4 | 769 | 11.3% | |
| 0.4 to 0.5 | 769 | 11.3% | |
| 0.5 to 0.6 | 618 | 9.1% | |
| 0.6 to 0.7 | 618 | 9.1% | |
| 0.7 to 0.8 | 209 | 3.1% | |
| 0.8 to 0.9 | 209 | 3.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of GDYN?
Grid Dynamics Holdings, Inc. Class A Common Stock (GDYN) has an average correlation of about 0.241 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GDYN positively correlated with other stocks?
Mostly yes — 76% of pairs are positive and 24% are negative. Strong positive correlations (≥0.7) make up 6.2%.
What is the most common correlation range for GDYN?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.5% of all pairs.
Explore the full interactive correlation distribution for GDYN.
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