GlobalFoundries Inc. Ordinary Shares (GFS) Correlation Distribution
Across 6,797 rolling correlation observations between GlobalFoundries Inc. Ordinary Shares (GFS) and other NASDAQ-listed stocks, 60.4% are positive and 39.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.069, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,797
- Mean correlation
- 0.069
- Most common range
- 0.3 to 0.4
- Positive pairs
- 60.4%
- Strong positive (≥0.7)
- 4.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 154 | 2.3% | |
| -0.8 to -0.7 | 154 | 2.3% | |
| -0.7 to -0.6 | 360 | 5.3% | |
| -0.6 to -0.5 | 360 | 5.3% | |
| -0.5 to -0.4 | 300 | 4.4% | |
| -0.4 to -0.3 | 299 | 4.4% | |
| -0.3 to -0.2 | 310 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 438 | 6.4% | |
| 0.0 to 0.1 | 438 | 6.4% | |
| 0.1 to 0.2 | 607 | 8.9% | |
| 0.2 to 0.3 | 607 | 8.9% | |
| 0.3 to 0.4 | 646 | 9.5% | |
| 0.4 to 0.5 | 645 | 9.5% | |
| 0.5 to 0.6 | 435 | 6.4% | |
| 0.6 to 0.7 | 435 | 6.4% | |
| 0.7 to 0.8 | 147 | 2.2% | |
| 0.8 to 0.9 | 147 | 2.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GFS?
GlobalFoundries Inc. Ordinary Shares (GFS) has an average correlation of about 0.069 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is GFS positively correlated with other stocks?
Mostly yes — 60.4% of pairs are positive and 39.6% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for GFS?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 39.9% of all pairs.
Explore the full interactive correlation distribution for GFS.
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