CGI Inc. (GIB) Correlation Distribution
Across 6,809 rolling correlation observations between CGI Inc. (GIB) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 7.7%.
- Total observations
- 6,809
- Mean correlation
- -0.07
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 14.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 264 | 3.9% | |
| -0.8 to -0.7 | 263 | 3.9% | |
| -0.7 to -0.6 | 749 | 11.0% | |
| -0.6 to -0.5 | 749 | 11.0% | |
| -0.5 to -0.4 | 576 | 8.5% | |
| -0.4 to -0.3 | 576 | 8.5% | |
| -0.3 to -0.2 | 333 | 4.9% | |
| -0.2 to -0.1 | 332 | 4.9% | |
| -0.1 to 0.0 | 236 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 227 | 3.3% | |
| 0.4 to 0.5 | 226 | 3.3% | |
| 0.5 to 0.6 | 299 | 4.4% | |
| 0.6 to 0.7 | 298 | 4.4% | |
| 0.7 to 0.8 | 465 | 6.8% | |
| 0.8 to 0.9 | 464 | 6.8% | |
| 0.9 to 1.0 | 70 | 1.0% |
Frequently asked questions
What is the average correlation of GIB?
CGI Inc. (GIB) has an average correlation of about -0.07 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GIB positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for GIB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for GIB.
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