Globe Life Inc. (GL) Correlation Distribution
Across 6,809 rolling correlation observations between Globe Life Inc. (GL) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.098, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.6% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- -0.098
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 0.6%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 34 | 0.5% | |
| -0.7 to -0.6 | 441 | 6.5% | |
| -0.6 to -0.5 | 441 | 6.5% | |
| -0.5 to -0.4 | 846 | 12.4% | |
| -0.4 to -0.3 | 845 | 12.4% | |
| -0.3 to -0.2 | 539 | 7.9% | |
| -0.2 to -0.1 | 539 | 7.9% | |
| -0.1 to 0.0 | 457 | 6.7% | |
| 0.0 to 0.1 | 457 | 6.7% | |
| 0.1 to 0.2 | 406 | 6.0% | |
| 0.2 to 0.3 | 406 | 6.0% | |
| 0.3 to 0.4 | 454 | 6.7% | |
| 0.4 to 0.5 | 453 | 6.7% | |
| 0.5 to 0.6 | 208 | 3.1% | |
| 0.6 to 0.7 | 207 | 3.0% | |
| 0.7 to 0.8 | 21 | 0.3% | |
| 0.8 to 0.9 | 21 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GL?
Globe Life Inc. (GL) has an average correlation of about -0.098 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GL positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 0.6%.
What is the most common correlation range for GL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 41.2% of all pairs.
Explore the full interactive correlation distribution for GL.
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