Gencor Industries, Inc. (GENC) Correlation Distribution
Across 6,809 rolling correlation observations between Gencor Industries, Inc. (GENC) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.057, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.7% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- -0.057
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 6.7%
- Sector
- Construction Machinery & Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 424 | 6.2% | |
| -0.6 to -0.5 | 423 | 6.2% | |
| -0.5 to -0.4 | 817 | 12.0% | |
| -0.4 to -0.3 | 816 | 12.0% | |
| -0.3 to -0.2 | 618 | 9.1% | |
| -0.2 to -0.1 | 618 | 9.1% | |
| -0.1 to 0.0 | 326 | 4.8% | |
| 0.0 to 0.1 | 326 | 4.8% | |
| 0.1 to 0.2 | 288 | 4.2% | |
| 0.2 to 0.3 | 287 | 4.2% | |
| 0.3 to 0.4 | 270 | 4.0% | |
| 0.4 to 0.5 | 269 | 4.0% | |
| 0.5 to 0.6 | 361 | 5.3% | |
| 0.6 to 0.7 | 361 | 5.3% | |
| 0.7 to 0.8 | 207 | 3.0% | |
| 0.8 to 0.9 | 207 | 3.0% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of GENC?
Gencor Industries, Inc. (GENC) has an average correlation of about -0.057 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GENC positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 6.7%.
What is the most common correlation range for GENC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.2% of all pairs.
Explore the full interactive correlation distribution for GENC.
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