Gogoro Inc. Ordinary Shares (GGR) Correlation Distribution
Across 6,724 rolling correlation observations between Gogoro Inc. Ordinary Shares (GGR) and other NASDAQ-listed stocks, 59.4% are positive and 40.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.138, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27% and strong negative correlations (≤−0.7) for 11.6%.
- Total observations
- 6,724
- Mean correlation
- 0.138
- Most common range
- 0.7 to 0.8
- Positive pairs
- 59.4%
- Strong positive (≥0.7)
- 27%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 27 | 0.4% | |
| -0.9 to -0.8 | 376 | 5.6% | |
| -0.8 to -0.7 | 375 | 5.6% | |
| -0.7 to -0.6 | 386 | 5.7% | |
| -0.6 to -0.5 | 386 | 5.7% | |
| -0.5 to -0.4 | 271 | 4.0% | |
| -0.4 to -0.3 | 270 | 4.0% | |
| -0.3 to -0.2 | 212 | 3.2% | |
| -0.2 to -0.1 | 212 | 3.2% | |
| -0.1 to 0.0 | 214 | 3.2% | |
| 0.0 to 0.1 | 214 | 3.2% | |
| 0.1 to 0.2 | 259 | 3.9% | |
| 0.2 to 0.3 | 259 | 3.9% | |
| 0.3 to 0.4 | 309 | 4.6% | |
| 0.4 to 0.5 | 309 | 4.6% | |
| 0.5 to 0.6 | 416 | 6.2% | |
| 0.6 to 0.7 | 416 | 6.2% | |
| 0.7 to 0.8 | 849 | 12.6% | |
| 0.8 to 0.9 | 849 | 12.6% | |
| 0.9 to 1.0 | 115 | 1.7% |
Frequently asked questions
What is the average correlation of GGR?
Gogoro Inc. Ordinary Shares (GGR) has an average correlation of about 0.138 with other NASDAQ stocks, based on 6,724 pairwise observations.
Is GGR positively correlated with other stocks?
Mostly yes — 59.4% of pairs are positive and 40.6% are negative. Strong positive correlations (≥0.7) make up 27%.
What is the most common correlation range for GGR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for GGR.
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