GLOBALINK INVESTMENT INC (GLLI) Correlation Distribution
Across 6,166 rolling correlation observations between GLOBALINK INVESTMENT INC (GLLI) and other NASDAQ-listed stocks, 35.5% are positive and 64.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.167, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.5% and strong negative correlations (≤−0.7) for 22.9%.
- Total observations
- 6,166
- Mean correlation
- -0.167
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.5%
- Strong positive (≥0.7)
- 13.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 127 | 2.1% | |
| -0.9 to -0.8 | 641 | 10.4% | |
| -0.8 to -0.7 | 641 | 10.4% | |
| -0.7 to -0.6 | 573 | 9.3% | |
| -0.6 to -0.5 | 573 | 9.3% | |
| -0.5 to -0.4 | 364 | 5.9% | |
| -0.4 to -0.3 | 363 | 5.9% | |
| -0.3 to -0.2 | 251 | 4.1% | |
| -0.2 to -0.1 | 251 | 4.1% | |
| -0.1 to 0.0 | 195 | 3.2% | |
| 0.0 to 0.1 | 195 | 3.2% | |
| 0.1 to 0.2 | 154 | 2.5% | |
| 0.2 to 0.3 | 154 | 2.5% | |
| 0.3 to 0.4 | 181 | 2.9% | |
| 0.4 to 0.5 | 181 | 2.9% | |
| 0.5 to 0.6 | 246 | 4.0% | |
| 0.6 to 0.7 | 245 | 4.0% | |
| 0.7 to 0.8 | 327 | 5.3% | |
| 0.8 to 0.9 | 326 | 5.3% | |
| 0.9 to 1.0 | 178 | 2.9% |
Frequently asked questions
What is the average correlation of GLLI?
GLOBALINK INVESTMENT INC (GLLI) has an average correlation of about -0.167 with other NASDAQ stocks, based on 6,166 pairwise observations.
Is GLLI positively correlated with other stocks?
Not predominantly — 35.5% of pairs are positive and 64.5% are negative. Strong positive correlations (≥0.7) make up 13.5%.
What is the most common correlation range for GLLI?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for GLLI.
Open interactive dashboard →