GLG (GLG) Correlation Distribution
Across 6,360 rolling correlation observations between GLG (GLG) and other NASDAQ-listed stocks, 45.8% are positive and 54.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.048, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.3% and strong negative correlations (≤−0.7) for 8%.
- Total observations
- 6,360
- Mean correlation
- -0.048
- Most common range
- -0.3 to -0.2
- Positive pairs
- 45.8%
- Strong positive (≥0.7)
- 5.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 254 | 4.0% | |
| -0.8 to -0.7 | 254 | 4.0% | |
| -0.7 to -0.6 | 407 | 6.4% | |
| -0.6 to -0.5 | 407 | 6.4% | |
| -0.5 to -0.4 | 426 | 6.7% | |
| -0.4 to -0.3 | 426 | 6.7% | |
| -0.3 to -0.2 | 435 | 6.8% | |
| -0.2 to -0.1 | 435 | 6.8% | |
| -0.1 to 0.0 | 405 | 6.4% | |
| 0.0 to 0.1 | 405 | 6.4% | |
| 0.1 to 0.2 | 383 | 6.0% | |
| 0.2 to 0.3 | 382 | 6.0% | |
| 0.3 to 0.4 | 391 | 6.1% | |
| 0.4 to 0.5 | 391 | 6.1% | |
| 0.5 to 0.6 | 311 | 4.9% | |
| 0.6 to 0.7 | 310 | 4.9% | |
| 0.7 to 0.8 | 167 | 2.6% | |
| 0.8 to 0.9 | 167 | 2.6% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of GLG?
GLG (GLG) has an average correlation of about -0.048 with other NASDAQ stocks, based on 6,360 pairwise observations.
Is GLG positively correlated with other stocks?
Not predominantly — 45.8% of pairs are positive and 54.2% are negative. Strong positive correlations (≥0.7) make up 5.3%.
What is the most common correlation range for GLG?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 38.4% of all pairs.
Explore the full interactive correlation distribution for GLG.
Open interactive dashboard →