GAMCO Global Gold, Natural Resources & Income Trust (GGN) Correlation Distribution
Across 6,809 rolling correlation observations between GAMCO Global Gold, Natural Resources & Income Trust (GGN) and other NASDAQ-listed stocks, 50.8% are positive and 49.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.065, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.9% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.065
- Most common range
- -0.3 to -0.2
- Positive pairs
- 50.8%
- Strong positive (≥0.7)
- 6.9%
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 | 166 | 2.4% | |
| -0.6 to -0.5 | 166 | 2.4% | |
| -0.5 to -0.4 | 553 | 8.1% | |
| -0.4 to -0.3 | 552 | 8.1% | |
| -0.3 to -0.2 | 661 | 9.7% | |
| -0.2 to -0.1 | 660 | 9.7% | |
| -0.1 to 0.0 | 518 | 7.6% | |
| 0.0 to 0.1 | 517 | 7.6% | |
| 0.1 to 0.2 | 370 | 5.4% | |
| 0.2 to 0.3 | 369 | 5.4% | |
| 0.3 to 0.4 | 397 | 5.8% | |
| 0.4 to 0.5 | 396 | 5.8% | |
| 0.5 to 0.6 | 473 | 6.9% | |
| 0.6 to 0.7 | 472 | 6.9% | |
| 0.7 to 0.8 | 234 | 3.4% | |
| 0.8 to 0.9 | 233 | 3.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GGN?
GAMCO Global Gold, Natural Resources & Income Trust (GGN) has an average correlation of about 0.065 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GGN positively correlated with other stocks?
Mostly yes — 50.8% of pairs are positive and 49.2% are negative. Strong positive correlations (≥0.7) make up 6.9%.
What is the most common correlation range for GGN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 45.5% of all pairs.
Explore the full interactive correlation distribution for GGN.
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