Gen Digital Inc. Common Stock (GEN) Correlation Distribution
Across 6,521 rolling correlation observations between Gen Digital Inc. Common Stock (GEN) and other NASDAQ-listed stocks, 45% are positive and 55% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.076, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 19.7% and strong negative correlations (≤−0.7) for 26.7%.
- Total observations
- 6,521
- Mean correlation
- -0.076
- Most common range
- -0.9 to -0.8
- Positive pairs
- 45%
- Strong positive (≥0.7)
- 19.7%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 449 | 6.9% | |
| -0.9 to -0.8 | 645 | 9.9% | |
| -0.8 to -0.7 | 644 | 9.9% | |
| -0.7 to -0.6 | 380 | 5.8% | |
| -0.6 to -0.5 | 379 | 5.8% | |
| -0.5 to -0.4 | 260 | 4.0% | |
| -0.4 to -0.3 | 259 | 4.0% | |
| -0.3 to -0.2 | 193 | 3.0% | |
| -0.2 to -0.1 | 192 | 2.9% | |
| -0.1 to 0.0 | 186 | 2.9% | |
| 0.0 to 0.1 | 185 | 2.8% | |
| 0.1 to 0.2 | 177 | 2.7% | |
| 0.2 to 0.3 | 177 | 2.7% | |
| 0.3 to 0.4 | 236 | 3.6% | |
| 0.4 to 0.5 | 236 | 3.6% | |
| 0.5 to 0.6 | 320 | 4.9% | |
| 0.6 to 0.7 | 320 | 4.9% | |
| 0.7 to 0.8 | 541 | 8.3% | |
| 0.8 to 0.9 | 540 | 8.3% | |
| 0.9 to 1.0 | 202 | 3.1% |
Frequently asked questions
What is the average correlation of GEN?
Gen Digital Inc. Common Stock (GEN) has an average correlation of about -0.076 with other NASDAQ stocks, based on 6,521 pairwise observations.
Is GEN positively correlated with other stocks?
Not predominantly — 45% of pairs are positive and 55% are negative. Strong positive correlations (≥0.7) make up 19.7%.
What is the most common correlation range for GEN?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17% of all pairs.
Explore the full interactive correlation distribution for GEN.
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