Global Partners LP (GLP) Correlation Distribution
Across 6,809 rolling correlation observations between Global Partners LP (GLP) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.119, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 16.7%.
- Total observations
- 6,809
- Mean correlation
- -0.119
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Wholesale-Petroleum Bulk Stations & Terminals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 564 | 8.3% | |
| -0.8 to -0.7 | 564 | 8.3% | |
| -0.7 to -0.6 | 818 | 12.0% | |
| -0.6 to -0.5 | 818 | 12.0% | |
| -0.5 to -0.4 | 372 | 5.5% | |
| -0.4 to -0.3 | 372 | 5.5% | |
| -0.3 to -0.2 | 233 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 196 | 2.9% | |
| 0.3 to 0.4 | 191 | 2.8% | |
| 0.4 to 0.5 | 191 | 2.8% | |
| 0.5 to 0.6 | 256 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 451 | 6.6% | |
| 0.8 to 0.9 | 451 | 6.6% | |
| 0.9 to 1.0 | 223 | 3.3% |
Frequently asked questions
What is the average correlation of GLP?
Global Partners LP (GLP) has an average correlation of about -0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GLP positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for GLP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.7% of all pairs.
Explore the full interactive correlation distribution for GLP.
Open interactive dashboard →