Galapagos NV (GLPG) Correlation Distribution
Across 6,809 rolling correlation observations between Galapagos NV (GLPG) and other NASDAQ-listed stocks, 58.7% are positive and 41.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.11, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.5% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,809
- Mean correlation
- 0.11
- Most common range
- 0.5 to 0.6
- Positive pairs
- 58.7%
- Strong positive (≥0.7)
- 18.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 366 | 5.4% | |
| -0.8 to -0.7 | 366 | 5.4% | |
| -0.7 to -0.6 | 415 | 6.1% | |
| -0.6 to -0.5 | 415 | 6.1% | |
| -0.5 to -0.4 | 260 | 3.8% | |
| -0.4 to -0.3 | 260 | 3.8% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 234 | 3.4% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 272 | 4.0% | |
| 0.2 to 0.3 | 272 | 4.0% | |
| 0.3 to 0.4 | 382 | 5.6% | |
| 0.4 to 0.5 | 381 | 5.6% | |
| 0.5 to 0.6 | 597 | 8.8% | |
| 0.6 to 0.7 | 596 | 8.8% | |
| 0.7 to 0.8 | 579 | 8.5% | |
| 0.8 to 0.9 | 578 | 8.5% | |
| 0.9 to 1.0 | 100 | 1.5% |
Frequently asked questions
What is the average correlation of GLPG?
Galapagos NV (GLPG) has an average correlation of about 0.11 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GLPG positively correlated with other stocks?
Mostly yes — 58.7% of pairs are positive and 41.3% are negative. Strong positive correlations (≥0.7) make up 18.5%.
What is the most common correlation range for GLPG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for GLPG.
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