GIM (GIM) Correlation Distribution
Across 6,467 rolling correlation observations between GIM (GIM) and other NASDAQ-listed stocks, 71.8% are positive and 28.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.341, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 42.7% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 6,467
- Mean correlation
- 0.341
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.8%
- Strong positive (≥0.7)
- 42.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 271 | 4.2% | |
| -0.8 to -0.7 | 270 | 4.2% | |
| -0.7 to -0.6 | 198 | 3.1% | |
| -0.6 to -0.5 | 197 | 3.0% | |
| -0.5 to -0.4 | 158 | 2.4% | |
| -0.4 to -0.3 | 157 | 2.4% | |
| -0.3 to -0.2 | 185 | 2.9% | |
| -0.2 to -0.1 | 185 | 2.9% | |
| -0.1 to 0.0 | 182 | 2.8% | |
| 0.0 to 0.1 | 181 | 2.8% | |
| 0.1 to 0.2 | 183 | 2.8% | |
| 0.2 to 0.3 | 182 | 2.8% | |
| 0.3 to 0.4 | 264 | 4.1% | |
| 0.4 to 0.5 | 263 | 4.1% | |
| 0.5 to 0.6 | 406 | 6.3% | |
| 0.6 to 0.7 | 406 | 6.3% | |
| 0.7 to 0.8 | 991 | 15.3% | |
| 0.8 to 0.9 | 991 | 15.3% | |
| 0.9 to 1.0 | 778 | 12.0% |
Frequently asked questions
What is the average correlation of GIM?
GIM (GIM) has an average correlation of about 0.341 with other NASDAQ stocks, based on 6,467 pairwise observations.
Is GIM positively correlated with other stocks?
Mostly yes — 71.8% of pairs are positive and 28.2% are negative. Strong positive correlations (≥0.7) make up 42.7%.
What is the most common correlation range for GIM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17% of all pairs.
Explore the full interactive correlation distribution for GIM.
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