GFL Environmental Inc. Subordinate Voting Shares (GFL) Correlation Distribution
Across 6,809 rolling correlation observations between GFL Environmental Inc. Subordinate Voting Shares (GFL) and other NASDAQ-listed stocks, 50.4% are positive and 49.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.069, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.2% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.069
- Most common range
- -0.3 to -0.2
- Positive pairs
- 50.4%
- Strong positive (≥0.7)
- 12.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 35 | 0.5% | |
| -0.7 to -0.6 | 268 | 3.9% | |
| -0.6 to -0.5 | 267 | 3.9% | |
| -0.5 to -0.4 | 567 | 8.3% | |
| -0.4 to -0.3 | 566 | 8.3% | |
| -0.3 to -0.2 | 597 | 8.8% | |
| -0.2 to -0.1 | 596 | 8.8% | |
| -0.1 to 0.0 | 445 | 6.5% | |
| 0.0 to 0.1 | 444 | 6.5% | |
| 0.1 to 0.2 | 363 | 5.3% | |
| 0.2 to 0.3 | 363 | 5.3% | |
| 0.3 to 0.4 | 328 | 4.8% | |
| 0.4 to 0.5 | 328 | 4.8% | |
| 0.5 to 0.6 | 386 | 5.7% | |
| 0.6 to 0.7 | 386 | 5.7% | |
| 0.7 to 0.8 | 415 | 6.1% | |
| 0.8 to 0.9 | 414 | 6.1% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of GFL?
GFL Environmental Inc. Subordinate Voting Shares (GFL) has an average correlation of about 0.069 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GFL positively correlated with other stocks?
Mostly yes — 50.4% of pairs are positive and 49.6% are negative. Strong positive correlations (≥0.7) make up 12.2%.
What is the most common correlation range for GFL?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 41.2% of all pairs.
Explore the full interactive correlation distribution for GFL.
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