Great Lakes Dredge & Dock Corporation (GLDD) Correlation Distribution
Across 6,809 rolling correlation observations between Great Lakes Dredge & Dock Corporation (GLDD) and other NASDAQ-listed stocks, 73.5% are positive and 26.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 18.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.306
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.5%
- Strong positive (≥0.7)
- 18.9%
- Sector
- Heavy Construction Other Than Bldg Const - Contractors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 140 | 2.1% | |
| -0.6 to -0.5 | 139 | 2.0% | |
| -0.5 to -0.4 | 249 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 347 | 5.1% | |
| -0.2 to -0.1 | 346 | 5.1% | |
| -0.1 to 0.0 | 275 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 331 | 4.9% | |
| 0.2 to 0.3 | 330 | 4.8% | |
| 0.3 to 0.4 | 498 | 7.3% | |
| 0.4 to 0.5 | 497 | 7.3% | |
| 0.5 to 0.6 | 894 | 13.1% | |
| 0.6 to 0.7 | 894 | 13.1% | |
| 0.7 to 0.8 | 634 | 9.3% | |
| 0.8 to 0.9 | 634 | 9.3% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of GLDD?
Great Lakes Dredge & Dock Corporation (GLDD) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GLDD positively correlated with other stocks?
Mostly yes — 73.5% of pairs are positive and 26.5% are negative. Strong positive correlations (≥0.7) make up 18.9%.
What is the most common correlation range for GLDD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 27.9% of all pairs.
Explore the full interactive correlation distribution for GLDD.
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