Golar LNG Ltd (GLNG) Correlation Distribution
Across 6,809 rolling correlation observations between Golar LNG Ltd (GLNG) and other NASDAQ-listed stocks, 37.1% are positive and 62.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.159, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 21%.
- Total observations
- 6,809
- Mean correlation
- -0.159
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.1%
- Strong positive (≥0.7)
- 11.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.2% | |
| -0.9 to -0.8 | 709 | 10.4% | |
| -0.8 to -0.7 | 709 | 10.4% | |
| -0.7 to -0.6 | 704 | 10.3% | |
| -0.6 to -0.5 | 704 | 10.3% | |
| -0.5 to -0.4 | 357 | 5.2% | |
| -0.4 to -0.3 | 356 | 5.2% | |
| -0.3 to -0.2 | 254 | 3.7% | |
| -0.2 to -0.1 | 254 | 3.7% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 202 | 3.0% | |
| 0.3 to 0.4 | 241 | 3.5% | |
| 0.4 to 0.5 | 240 | 3.5% | |
| 0.5 to 0.6 | 303 | 4.4% | |
| 0.6 to 0.7 | 303 | 4.4% | |
| 0.7 to 0.8 | 367 | 5.4% | |
| 0.8 to 0.9 | 366 | 5.4% | |
| 0.9 to 1.0 | 80 | 1.2% |
Frequently asked questions
What is the average correlation of GLNG?
Golar LNG Ltd (GLNG) has an average correlation of about -0.159 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GLNG positively correlated with other stocks?
Not predominantly — 37.1% of pairs are positive and 62.9% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for GLNG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for GLNG.
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