Gulf Island Fabrication Inc (GIFI) Correlation Distribution
Across 6,809 rolling correlation observations between Gulf Island Fabrication Inc (GIFI) and other NASDAQ-listed stocks, 42.8% are positive and 57.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.004, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- -0.004
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.8%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Fabricated Structural Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 57 | 0.8% | |
| -0.8 to -0.7 | 57 | 0.8% | |
| -0.7 to -0.6 | 353 | 5.2% | |
| -0.6 to -0.5 | 352 | 5.2% | |
| -0.5 to -0.4 | 782 | 11.5% | |
| -0.4 to -0.3 | 782 | 11.5% | |
| -0.3 to -0.2 | 575 | 8.4% | |
| -0.2 to -0.1 | 574 | 8.4% | |
| -0.1 to 0.0 | 365 | 5.4% | |
| 0.0 to 0.1 | 364 | 5.3% | |
| 0.1 to 0.2 | 278 | 4.1% | |
| 0.2 to 0.3 | 277 | 4.1% | |
| 0.3 to 0.4 | 276 | 4.1% | |
| 0.4 to 0.5 | 275 | 4.0% | |
| 0.5 to 0.6 | 358 | 5.3% | |
| 0.6 to 0.7 | 357 | 5.2% | |
| 0.7 to 0.8 | 363 | 5.3% | |
| 0.8 to 0.9 | 362 | 5.3% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of GIFI?
Gulf Island Fabrication Inc (GIFI) has an average correlation of about -0.004 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GIFI positively correlated with other stocks?
Not predominantly — 42.8% of pairs are positive and 57.2% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for GIFI?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.7% of all pairs.
Explore the full interactive correlation distribution for GIFI.
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