Graham Corporation (GHM) Correlation Distribution
Across 6,809 rolling correlation observations between Graham Corporation (GHM) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.6% and strong negative correlations (≤−0.7) for 5.5%.
- Total observations
- 6,809
- Mean correlation
- -0.028
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 13.6%
- Sector
- General Industrial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 185 | 2.7% | |
| -0.8 to -0.7 | 184 | 2.7% | |
| -0.7 to -0.6 | 443 | 6.5% | |
| -0.6 to -0.5 | 443 | 6.5% | |
| -0.5 to -0.4 | 724 | 10.6% | |
| -0.4 to -0.3 | 724 | 10.6% | |
| -0.3 to -0.2 | 506 | 7.4% | |
| -0.2 to -0.1 | 505 | 7.4% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 264 | 3.9% | |
| 0.4 to 0.5 | 264 | 3.9% | |
| 0.5 to 0.6 | 280 | 4.1% | |
| 0.6 to 0.7 | 280 | 4.1% | |
| 0.7 to 0.8 | 372 | 5.5% | |
| 0.8 to 0.9 | 371 | 5.4% | |
| 0.9 to 1.0 | 186 | 2.7% |
Frequently asked questions
What is the average correlation of GHM?
Graham Corporation (GHM) has an average correlation of about -0.028 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GHM positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 13.6%.
What is the most common correlation range for GHM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for GHM.
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