Great Elm Group, Inc. Common Stock (GEG) Correlation Distribution
Across 6,808 rolling correlation observations between Great Elm Group, Inc. Common Stock (GEG) and other NASDAQ-listed stocks, 63.9% are positive and 36.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.166, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,808
- Mean correlation
- 0.166
- Most common range
- 0.5 to 0.6
- Positive pairs
- 63.9%
- Strong positive (≥0.7)
- 10.2%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 280 | 4.1% | |
| -0.6 to -0.5 | 279 | 4.1% | |
| -0.5 to -0.4 | 411 | 6.0% | |
| -0.4 to -0.3 | 411 | 6.0% | |
| -0.3 to -0.2 | 339 | 5.0% | |
| -0.2 to -0.1 | 338 | 5.0% | |
| -0.1 to 0.0 | 366 | 5.4% | |
| 0.0 to 0.1 | 366 | 5.4% | |
| 0.1 to 0.2 | 434 | 6.4% | |
| 0.2 to 0.3 | 433 | 6.4% | |
| 0.3 to 0.4 | 574 | 8.4% | |
| 0.4 to 0.5 | 573 | 8.4% | |
| 0.5 to 0.6 | 640 | 9.4% | |
| 0.6 to 0.7 | 639 | 9.4% | |
| 0.7 to 0.8 | 347 | 5.1% | |
| 0.8 to 0.9 | 347 | 5.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GEG?
Great Elm Group, Inc. Common Stock (GEG) has an average correlation of about 0.166 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is GEG positively correlated with other stocks?
Mostly yes — 63.9% of pairs are positive and 36.1% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for GEG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.4% of all pairs.
Explore the full interactive correlation distribution for GEG.
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