GFGD (GFGD) Correlation Distribution
Across 5,732 rolling correlation observations between GFGD (GFGD) and other NASDAQ-listed stocks, 30.5% are positive and 69.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.165, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,732
- Mean correlation
- -0.165
- Most common range
- -0.5 to -0.4
- Positive pairs
- 30.5%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 363 | 6.3% | |
| -0.6 to -0.5 | 362 | 6.3% | |
| -0.5 to -0.4 | 1,075 | 18.8% | |
| -0.4 to -0.3 | 1,075 | 18.8% | |
| -0.3 to -0.2 | 410 | 7.2% | |
| -0.2 to -0.1 | 410 | 7.2% | |
| -0.1 to 0.0 | 286 | 5.0% | |
| 0.0 to 0.1 | 285 | 5.0% | |
| 0.1 to 0.2 | 282 | 4.9% | |
| 0.2 to 0.3 | 281 | 4.9% | |
| 0.3 to 0.4 | 344 | 6.0% | |
| 0.4 to 0.5 | 343 | 6.0% | |
| 0.5 to 0.6 | 106 | 1.8% | |
| 0.6 to 0.7 | 105 | 1.8% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GFGD?
GFGD (GFGD) has an average correlation of about -0.165 with other NASDAQ stocks, based on 5,732 pairwise observations.
Is GFGD positively correlated with other stocks?
Not predominantly — 30.5% of pairs are positive and 69.5% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for GFGD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.1% of all pairs.
Explore the full interactive correlation distribution for GFGD.
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