Grupo Financiero Galicia SA (GGAL) Correlation Distribution
Across 6,809 rolling correlation observations between Grupo Financiero Galicia SA (GGAL) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.061, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 5%.
- Total observations
- 6,809
- Mean correlation
- -0.061
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 14.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 168 | 2.5% | |
| -0.8 to -0.7 | 168 | 2.5% | |
| -0.7 to -0.6 | 588 | 8.6% | |
| -0.6 to -0.5 | 588 | 8.6% | |
| -0.5 to -0.4 | 855 | 12.6% | |
| -0.4 to -0.3 | 855 | 12.6% | |
| -0.3 to -0.2 | 362 | 5.3% | |
| -0.2 to -0.1 | 361 | 5.3% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 241 | 3.5% | |
| 0.1 to 0.2 | 214 | 3.1% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 218 | 3.2% | |
| 0.4 to 0.5 | 217 | 3.2% | |
| 0.5 to 0.6 | 259 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 407 | 6.0% | |
| 0.8 to 0.9 | 406 | 6.0% | |
| 0.9 to 1.0 | 184 | 2.7% |
Frequently asked questions
What is the average correlation of GGAL?
Grupo Financiero Galicia SA (GGAL) has an average correlation of about -0.061 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GGAL positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for GGAL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24% of all pairs.
Explore the full interactive correlation distribution for GGAL.
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