Great Elm Group, Inc. 7.25% Notes due 2027 (GEGGL) Correlation Distribution
Across 6,498 rolling correlation observations between Great Elm Group, Inc. 7.25% Notes due 2027 (GEGGL) and other NASDAQ-listed stocks, 53.3% are positive and 46.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.047, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,498
- Mean correlation
- 0.047
- Most common range
- 0.5 to 0.6
- Positive pairs
- 53.3%
- Strong positive (≥0.7)
- 3.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 75 | 1.2% | |
| -0.8 to -0.7 | 74 | 1.1% | |
| -0.7 to -0.6 | 425 | 6.5% | |
| -0.6 to -0.5 | 424 | 6.5% | |
| -0.5 to -0.4 | 463 | 7.1% | |
| -0.4 to -0.3 | 463 | 7.1% | |
| -0.3 to -0.2 | 389 | 6.0% | |
| -0.2 to -0.1 | 388 | 6.0% | |
| -0.1 to 0.0 | 331 | 5.1% | |
| 0.0 to 0.1 | 331 | 5.1% | |
| 0.1 to 0.2 | 359 | 5.5% | |
| 0.2 to 0.3 | 359 | 5.5% | |
| 0.3 to 0.4 | 442 | 6.8% | |
| 0.4 to 0.5 | 442 | 6.8% | |
| 0.5 to 0.6 | 660 | 10.2% | |
| 0.6 to 0.7 | 659 | 10.1% | |
| 0.7 to 0.8 | 107 | 1.6% | |
| 0.8 to 0.9 | 106 | 1.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GEGGL?
Great Elm Group, Inc. 7.25% Notes due 2027 (GEGGL) has an average correlation of about 0.047 with other NASDAQ stocks, based on 6,498 pairwise observations.
Is GEGGL positively correlated with other stocks?
Mostly yes — 53.3% of pairs are positive and 46.7% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for GEGGL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.2% of all pairs.
Explore the full interactive correlation distribution for GEGGL.
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