GFOR (GFOR) Correlation Distribution
Across 5,911 rolling correlation observations between GFOR (GFOR) and other NASDAQ-listed stocks, 27.6% are positive and 72.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.148, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,911
- Mean correlation
- -0.148
- Most common range
- -0.5 to -0.4
- Positive pairs
- 27.6%
- Strong positive (≥0.7)
- 0.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.1% | |
| -0.8 to -0.7 | 3 | 0.1% | |
| -0.7 to -0.6 | 48 | 0.8% | |
| -0.6 to -0.5 | 48 | 0.8% | |
| -0.5 to -0.4 | 1,269 | 21.5% | |
| -0.4 to -0.3 | 1,269 | 21.5% | |
| -0.3 to -0.2 | 673 | 11.4% | |
| -0.2 to -0.1 | 673 | 11.4% | |
| -0.1 to 0.0 | 296 | 5.0% | |
| 0.0 to 0.1 | 296 | 5.0% | |
| 0.1 to 0.2 | 257 | 4.3% | |
| 0.2 to 0.3 | 257 | 4.3% | |
| 0.3 to 0.4 | 310 | 5.2% | |
| 0.4 to 0.5 | 310 | 5.2% | |
| 0.5 to 0.6 | 90 | 1.5% | |
| 0.6 to 0.7 | 90 | 1.5% | |
| 0.7 to 0.8 | 7 | 0.1% | |
| 0.8 to 0.9 | 6 | 0.1% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of GFOR?
GFOR (GFOR) has an average correlation of about -0.148 with other NASDAQ stocks, based on 5,911 pairwise observations.
Is GFOR positively correlated with other stocks?
Not predominantly — 27.6% of pairs are positive and 72.4% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for GFOR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 41.5% of all pairs.
Explore the full interactive correlation distribution for GFOR.
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