Gilead Sciences Inc (GILD) Correlation Distribution
Across 6,809 rolling correlation observations between Gilead Sciences Inc (GILD) and other NASDAQ-listed stocks, 36.4% are positive and 63.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.107, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- -0.107
- Most common range
- -0.5 to -0.4
- Positive pairs
- 36.4%
- Strong positive (≥0.7)
- 4%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 38 | 0.6% | |
| -0.8 to -0.7 | 37 | 0.5% | |
| -0.7 to -0.6 | 667 | 9.8% | |
| -0.6 to -0.5 | 667 | 9.8% | |
| -0.5 to -0.4 | 914 | 13.4% | |
| -0.4 to -0.3 | 914 | 13.4% | |
| -0.3 to -0.2 | 404 | 5.9% | |
| -0.2 to -0.1 | 403 | 5.9% | |
| -0.1 to 0.0 | 285 | 4.2% | |
| 0.0 to 0.1 | 285 | 4.2% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 325 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 365 | 5.4% | |
| 0.6 to 0.7 | 364 | 5.3% | |
| 0.7 to 0.8 | 135 | 2.0% | |
| 0.8 to 0.9 | 134 | 2.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GILD?
Gilead Sciences Inc (GILD) has an average correlation of about -0.107 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GILD positively correlated with other stocks?
Not predominantly — 36.4% of pairs are positive and 63.6% are negative. Strong positive correlations (≥0.7) make up 4%.
What is the most common correlation range for GILD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for GILD.
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