The GEO Group, Inc. (GEO) Correlation Distribution
Across 6,809 rolling correlation observations between The GEO Group, Inc. (GEO) and other NASDAQ-listed stocks, 37.4% are positive and 62.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.074, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- -0.074
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.4%
- Strong positive (≥0.7)
- 8.8%
- Sector
- General Bldg Contractors - Residential Bldgs
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 104 | 1.5% | |
| -0.8 to -0.7 | 104 | 1.5% | |
| -0.7 to -0.6 | 474 | 7.0% | |
| -0.6 to -0.5 | 474 | 7.0% | |
| -0.5 to -0.4 | 895 | 13.1% | |
| -0.4 to -0.3 | 895 | 13.1% | |
| -0.3 to -0.2 | 513 | 7.5% | |
| -0.2 to -0.1 | 513 | 7.5% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 278 | 4.1% | |
| 0.2 to 0.3 | 277 | 4.1% | |
| 0.3 to 0.4 | 248 | 3.6% | |
| 0.4 to 0.5 | 247 | 3.6% | |
| 0.5 to 0.6 | 302 | 4.4% | |
| 0.6 to 0.7 | 301 | 4.4% | |
| 0.7 to 0.8 | 283 | 4.2% | |
| 0.8 to 0.9 | 282 | 4.1% | |
| 0.9 to 1.0 | 34 | 0.5% |
Frequently asked questions
What is the average correlation of GEO?
The GEO Group, Inc. (GEO) has an average correlation of about -0.074 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GEO positively correlated with other stocks?
Not predominantly — 37.4% of pairs are positive and 62.6% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for GEO?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for GEO.
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