GigaMedia Ltd (GIGM) Correlation Distribution
Across 6,807 rolling correlation observations between GigaMedia Ltd (GIGM) and other NASDAQ-listed stocks, 65.7% are positive and 34.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.267, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.2% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,807
- Mean correlation
- 0.267
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.7%
- Strong positive (≥0.7)
- 34.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 131 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 314 | 4.6% | |
| -0.6 to -0.5 | 313 | 4.6% | |
| -0.5 to -0.4 | 322 | 4.7% | |
| -0.4 to -0.3 | 322 | 4.7% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 262 | 3.8% | |
| -0.1 to 0.0 | 265 | 3.9% | |
| 0.0 to 0.1 | 265 | 3.9% | |
| 0.1 to 0.2 | 251 | 3.7% | |
| 0.2 to 0.3 | 251 | 3.7% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 296 | 4.3% | |
| 0.5 to 0.6 | 394 | 5.8% | |
| 0.6 to 0.7 | 394 | 5.8% | |
| 0.7 to 0.8 | 799 | 11.7% | |
| 0.8 to 0.9 | 799 | 11.7% | |
| 0.9 to 1.0 | 728 | 10.7% |
Frequently asked questions
What is the average correlation of GIGM?
GigaMedia Ltd (GIGM) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is GIGM positively correlated with other stocks?
Mostly yes — 65.7% of pairs are positive and 34.3% are negative. Strong positive correlations (≥0.7) make up 34.2%.
What is the most common correlation range for GIGM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for GIGM.
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