GoldMining Inc. (GLDG) Correlation Distribution
Across 6,808 rolling correlation observations between GoldMining Inc. (GLDG) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.214, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.2% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,808
- Mean correlation
- 0.214
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 19.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 123 | 1.8% | |
| -0.8 to -0.7 | 122 | 1.8% | |
| -0.7 to -0.6 | 389 | 5.7% | |
| -0.6 to -0.5 | 388 | 5.7% | |
| -0.5 to -0.4 | 280 | 4.1% | |
| -0.4 to -0.3 | 280 | 4.1% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 287 | 4.2% | |
| 0.2 to 0.3 | 287 | 4.2% | |
| 0.3 to 0.4 | 401 | 5.9% | |
| 0.4 to 0.5 | 401 | 5.9% | |
| 0.5 to 0.6 | 796 | 11.7% | |
| 0.6 to 0.7 | 795 | 11.7% | |
| 0.7 to 0.8 | 649 | 9.5% | |
| 0.8 to 0.9 | 649 | 9.5% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of GLDG?
GoldMining Inc. (GLDG) has an average correlation of about 0.214 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is GLDG positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 19.2%.
What is the most common correlation range for GLDG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.4% of all pairs.
Explore the full interactive correlation distribution for GLDG.
Open interactive dashboard →