Greenlight Captial RE, LTD. Class A (GLRE) Correlation Distribution
Across 6,809 rolling correlation observations between Greenlight Captial RE, LTD. Class A (GLRE) and other NASDAQ-listed stocks, 37.5% are positive and 62.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 12.2%.
- Total observations
- 6,809
- Mean correlation
- -0.106
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.5%
- Strong positive (≥0.7)
- 15.7%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 37 | 0.5% | |
| -0.9 to -0.8 | 396 | 5.8% | |
| -0.8 to -0.7 | 395 | 5.8% | |
| -0.7 to -0.6 | 783 | 11.5% | |
| -0.6 to -0.5 | 783 | 11.5% | |
| -0.5 to -0.4 | 537 | 7.9% | |
| -0.4 to -0.3 | 536 | 7.9% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 290 | 4.3% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 211 | 3.1% | |
| 0.1 to 0.2 | 189 | 2.8% | |
| 0.2 to 0.3 | 188 | 2.8% | |
| 0.3 to 0.4 | 206 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 241 | 3.5% | |
| 0.6 to 0.7 | 240 | 3.5% | |
| 0.7 to 0.8 | 380 | 5.6% | |
| 0.8 to 0.9 | 379 | 5.6% | |
| 0.9 to 1.0 | 311 | 4.6% |
Frequently asked questions
What is the average correlation of GLRE?
Greenlight Captial RE, LTD. Class A (GLRE) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GLRE positively correlated with other stocks?
Not predominantly — 37.5% of pairs are positive and 62.5% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for GLRE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for GLRE.
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