GHIX (GHIX) Correlation Distribution
Across 6,524 rolling correlation observations between GHIX (GHIX) and other NASDAQ-listed stocks, 40% are positive and 60% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.127, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 24.5%.
- Total observations
- 6,524
- Mean correlation
- -0.127
- Most common range
- -0.9 to -0.8
- Positive pairs
- 40%
- Strong positive (≥0.7)
- 14.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 195 | 3.0% | |
| -0.9 to -0.8 | 702 | 10.8% | |
| -0.8 to -0.7 | 701 | 10.7% | |
| -0.7 to -0.6 | 482 | 7.4% | |
| -0.6 to -0.5 | 481 | 7.4% | |
| -0.5 to -0.4 | 322 | 4.9% | |
| -0.4 to -0.3 | 321 | 4.9% | |
| -0.3 to -0.2 | 248 | 3.8% | |
| -0.2 to -0.1 | 248 | 3.8% | |
| -0.1 to 0.0 | 217 | 3.3% | |
| 0.0 to 0.1 | 216 | 3.3% | |
| 0.1 to 0.2 | 195 | 3.0% | |
| 0.2 to 0.3 | 194 | 3.0% | |
| 0.3 to 0.4 | 229 | 3.5% | |
| 0.4 to 0.5 | 228 | 3.5% | |
| 0.5 to 0.6 | 295 | 4.5% | |
| 0.6 to 0.7 | 295 | 4.5% | |
| 0.7 to 0.8 | 365 | 5.6% | |
| 0.8 to 0.9 | 364 | 5.6% | |
| 0.9 to 1.0 | 226 | 3.5% |
Frequently asked questions
What is the average correlation of GHIX?
GHIX (GHIX) has an average correlation of about -0.127 with other NASDAQ stocks, based on 6,524 pairwise observations.
Is GHIX positively correlated with other stocks?
Not predominantly — 40% of pairs are positive and 60% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for GHIX?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for GHIX.
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