Gladstone Capital Corp (GLAD) Correlation Distribution
Across 6,809 rolling correlation observations between Gladstone Capital Corp (GLAD) and other NASDAQ-listed stocks, 57% are positive and 43% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.13, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.13
- Most common range
- -0.3 to -0.2
- Positive pairs
- 57%
- Strong positive (≥0.7)
- 12.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 190 | 2.8% | |
| -0.6 to -0.5 | 190 | 2.8% | |
| -0.5 to -0.4 | 416 | 6.1% | |
| -0.4 to -0.3 | 415 | 6.1% | |
| -0.3 to -0.2 | 562 | 8.3% | |
| -0.2 to -0.1 | 561 | 8.2% | |
| -0.1 to 0.0 | 535 | 7.9% | |
| 0.0 to 0.1 | 535 | 7.9% | |
| 0.1 to 0.2 | 386 | 5.7% | |
| 0.2 to 0.3 | 386 | 5.7% | |
| 0.3 to 0.4 | 391 | 5.7% | |
| 0.4 to 0.5 | 391 | 5.7% | |
| 0.5 to 0.6 | 486 | 7.1% | |
| 0.6 to 0.7 | 486 | 7.1% | |
| 0.7 to 0.8 | 398 | 5.8% | |
| 0.8 to 0.9 | 397 | 5.8% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of GLAD?
Gladstone Capital Corp (GLAD) has an average correlation of about 0.13 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GLAD positively correlated with other stocks?
Mostly yes — 57% of pairs are positive and 43% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for GLAD?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 43.5% of all pairs.
Explore the full interactive correlation distribution for GLAD.
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