Global Industrial Company (GIC) Correlation Distribution
Across 6,806 rolling correlation observations between Global Industrial Company (GIC) and other NASDAQ-listed stocks, 69.7% are positive and 30.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.173, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,806
- Mean correlation
- 0.173
- Most common range
- 0.3 to 0.4
- Positive pairs
- 69.7%
- Strong positive (≥0.7)
- 2.1%
- Sector
- Wholesale-Industrial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 65 | 1.0% | |
| -0.6 to -0.5 | 65 | 1.0% | |
| -0.5 to -0.4 | 234 | 3.4% | |
| -0.4 to -0.3 | 234 | 3.4% | |
| -0.3 to -0.2 | 473 | 6.9% | |
| -0.2 to -0.1 | 472 | 6.9% | |
| -0.1 to 0.0 | 503 | 7.4% | |
| 0.0 to 0.1 | 503 | 7.4% | |
| 0.1 to 0.2 | 614 | 9.0% | |
| 0.2 to 0.3 | 613 | 9.0% | |
| 0.3 to 0.4 | 1,081 | 15.9% | |
| 0.4 to 0.5 | 1,081 | 15.9% | |
| 0.5 to 0.6 | 352 | 5.2% | |
| 0.6 to 0.7 | 351 | 5.2% | |
| 0.7 to 0.8 | 73 | 1.1% | |
| 0.8 to 0.9 | 73 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GIC?
Global Industrial Company (GIC) has an average correlation of about 0.173 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is GIC positively correlated with other stocks?
Mostly yes — 69.7% of pairs are positive and 30.3% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for GIC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.7% of all pairs.
Explore the full interactive correlation distribution for GIC.
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