Global-E Online Ltd. Ordinary Shares (GLBE) Correlation Distribution
Across 6,806 rolling correlation observations between Global-E Online Ltd. Ordinary Shares (GLBE) and other NASDAQ-listed stocks, 76.9% are positive and 23.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.262, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,806
- Mean correlation
- 0.262
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.9%
- Strong positive (≥0.7)
- 5.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 86 | 1.3% | |
| -0.6 to -0.5 | 86 | 1.3% | |
| -0.5 to -0.4 | 165 | 2.4% | |
| -0.4 to -0.3 | 165 | 2.4% | |
| -0.3 to -0.2 | 293 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 471 | 6.9% | |
| 0.0 to 0.1 | 471 | 6.9% | |
| 0.1 to 0.2 | 617 | 9.1% | |
| 0.2 to 0.3 | 617 | 9.1% | |
| 0.3 to 0.4 | 721 | 10.6% | |
| 0.4 to 0.5 | 720 | 10.6% | |
| 0.5 to 0.6 | 871 | 12.8% | |
| 0.6 to 0.7 | 870 | 12.8% | |
| 0.7 to 0.8 | 173 | 2.5% | |
| 0.8 to 0.9 | 173 | 2.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GLBE?
Global-E Online Ltd. Ordinary Shares (GLBE) has an average correlation of about 0.262 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is GLBE positively correlated with other stocks?
Mostly yes — 76.9% of pairs are positive and 23.1% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for GLBE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 40.6% of all pairs.
Explore the full interactive correlation distribution for GLBE.
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