Gilat Satellite Networks Ltd (GILT) Correlation Distribution
Across 6,809 rolling correlation observations between Gilat Satellite Networks Ltd (GILT) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.289, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.289
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 14.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 65 | 1.0% | |
| -0.6 to -0.5 | 64 | 0.9% | |
| -0.5 to -0.4 | 309 | 4.5% | |
| -0.4 to -0.3 | 309 | 4.5% | |
| -0.3 to -0.2 | 376 | 5.5% | |
| -0.2 to -0.1 | 376 | 5.5% | |
| -0.1 to 0.0 | 353 | 5.2% | |
| 0.0 to 0.1 | 352 | 5.2% | |
| 0.1 to 0.2 | 371 | 5.4% | |
| 0.2 to 0.3 | 371 | 5.4% | |
| 0.3 to 0.4 | 512 | 7.5% | |
| 0.4 to 0.5 | 511 | 7.5% | |
| 0.5 to 0.6 | 938 | 13.8% | |
| 0.6 to 0.7 | 938 | 13.8% | |
| 0.7 to 0.8 | 468 | 6.9% | |
| 0.8 to 0.9 | 468 | 6.9% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of GILT?
Gilat Satellite Networks Ltd (GILT) has an average correlation of about 0.289 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GILT positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 14.1%.
What is the most common correlation range for GILT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.3% of all pairs.
Explore the full interactive correlation distribution for GILT.
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