GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share (GHG) Correlation Distribution
Across 6,809 rolling correlation observations between GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share (GHG) and other NASDAQ-listed stocks, 64.1% are positive and 35.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.22, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.6% and strong negative correlations (≤−0.7) for 7.1%.
- Total observations
- 6,809
- Mean correlation
- 0.22
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.1%
- Strong positive (≥0.7)
- 30.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 229 | 3.4% | |
| -0.8 to -0.7 | 228 | 3.3% | |
| -0.7 to -0.6 | 368 | 5.4% | |
| -0.6 to -0.5 | 367 | 5.4% | |
| -0.5 to -0.4 | 270 | 4.0% | |
| -0.4 to -0.3 | 269 | 4.0% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 245 | 3.6% | |
| 0.3 to 0.4 | 312 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 468 | 6.9% | |
| 0.6 to 0.7 | 467 | 6.9% | |
| 0.7 to 0.8 | 832 | 12.2% | |
| 0.8 to 0.9 | 832 | 12.2% | |
| 0.9 to 1.0 | 421 | 6.2% |
Frequently asked questions
What is the average correlation of GHG?
GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share (GHG) has an average correlation of about 0.22 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GHG positively correlated with other stocks?
Mostly yes — 64.1% of pairs are positive and 35.9% are negative. Strong positive correlations (≥0.7) make up 30.6%.
What is the most common correlation range for GHG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for GHG.
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