GE HealthCare Technologies Inc. Common Stock (GEHC) Correlation Distribution
Across 6,292 rolling correlation observations between GE HealthCare Technologies Inc. Common Stock (GEHC) and other NASDAQ-listed stocks, 60.5% are positive and 39.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.108, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.4% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,292
- Mean correlation
- 0.108
- Most common range
- 0.3 to 0.4
- Positive pairs
- 60.5%
- Strong positive (≥0.7)
- 0.4%
- Sector
- X-Ray Apparatus & Tubes & Related Irradiation Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 37 | 0.6% | |
| -0.6 to -0.5 | 36 | 0.6% | |
| -0.5 to -0.4 | 394 | 6.3% | |
| -0.4 to -0.3 | 394 | 6.3% | |
| -0.3 to -0.2 | 593 | 9.4% | |
| -0.2 to -0.1 | 593 | 9.4% | |
| -0.1 to 0.0 | 435 | 6.9% | |
| 0.0 to 0.1 | 434 | 6.9% | |
| 0.1 to 0.2 | 575 | 9.1% | |
| 0.2 to 0.3 | 574 | 9.1% | |
| 0.3 to 0.4 | 738 | 11.7% | |
| 0.4 to 0.5 | 737 | 11.7% | |
| 0.5 to 0.6 | 363 | 5.8% | |
| 0.6 to 0.7 | 363 | 5.8% | |
| 0.7 to 0.8 | 13 | 0.2% | |
| 0.8 to 0.9 | 12 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GEHC?
GE HealthCare Technologies Inc. Common Stock (GEHC) has an average correlation of about 0.108 with other NASDAQ stocks, based on 6,292 pairwise observations.
Is GEHC positively correlated with other stocks?
Mostly yes — 60.5% of pairs are positive and 39.5% are negative. Strong positive correlations (≥0.7) make up 0.4%.
What is the most common correlation range for GEHC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 50.9% of all pairs.
Explore the full interactive correlation distribution for GEHC.
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