GFX (GFX) Correlation Distribution
Across 6,072 rolling correlation observations between GFX (GFX) and other NASDAQ-listed stocks, 22.2% are positive and 77.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.325, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.1% and strong negative correlations (≤−0.7) for 22%.
- Total observations
- 6,072
- Mean correlation
- -0.325
- Most common range
- -0.7 to -0.6
- Positive pairs
- 22.2%
- Strong positive (≥0.7)
- 4.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 36 | 0.6% | |
| -0.9 to -0.8 | 649 | 10.7% | |
| -0.8 to -0.7 | 648 | 10.7% | |
| -0.7 to -0.6 | 783 | 12.9% | |
| -0.6 to -0.5 | 782 | 12.9% | |
| -0.5 to -0.4 | 553 | 9.1% | |
| -0.4 to -0.3 | 553 | 9.1% | |
| -0.3 to -0.2 | 285 | 4.7% | |
| -0.2 to -0.1 | 285 | 4.7% | |
| -0.1 to 0.0 | 149 | 2.5% | |
| 0.0 to 0.1 | 149 | 2.5% | |
| 0.1 to 0.2 | 151 | 2.5% | |
| 0.2 to 0.3 | 150 | 2.5% | |
| 0.3 to 0.4 | 164 | 2.7% | |
| 0.4 to 0.5 | 163 | 2.7% | |
| 0.5 to 0.6 | 162 | 2.7% | |
| 0.6 to 0.7 | 161 | 2.7% | |
| 0.7 to 0.8 | 86 | 1.4% | |
| 0.8 to 0.9 | 86 | 1.4% | |
| 0.9 to 1.0 | 77 | 1.3% |
Frequently asked questions
What is the average correlation of GFX?
GFX (GFX) has an average correlation of about -0.325 with other NASDAQ stocks, based on 6,072 pairwise observations.
Is GFX positively correlated with other stocks?
Not predominantly — 22.2% of pairs are positive and 77.8% are negative. Strong positive correlations (≥0.7) make up 4.1%.
What is the most common correlation range for GFX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for GFX.
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