GLT (GLT) Correlation Distribution
Across 6,782 rolling correlation observations between GLT (GLT) and other NASDAQ-listed stocks, 69.1% are positive and 30.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.302, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.6% and strong negative correlations (≤−0.7) for 8.3%.
- Total observations
- 6,782
- Mean correlation
- 0.302
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.1%
- Strong positive (≥0.7)
- 39.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 270 | 4.0% | |
| -0.8 to -0.7 | 269 | 4.0% | |
| -0.7 to -0.6 | 279 | 4.1% | |
| -0.6 to -0.5 | 279 | 4.1% | |
| -0.5 to -0.4 | 206 | 3.0% | |
| -0.4 to -0.3 | 206 | 3.0% | |
| -0.3 to -0.2 | 199 | 2.9% | |
| -0.2 to -0.1 | 198 | 2.9% | |
| -0.1 to 0.0 | 170 | 2.5% | |
| 0.0 to 0.1 | 169 | 2.5% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 273 | 4.0% | |
| 0.4 to 0.5 | 273 | 4.0% | |
| 0.5 to 0.6 | 449 | 6.6% | |
| 0.6 to 0.7 | 448 | 6.6% | |
| 0.7 to 0.8 | 1,034 | 15.2% | |
| 0.8 to 0.9 | 1,034 | 15.2% | |
| 0.9 to 1.0 | 619 | 9.1% |
Frequently asked questions
What is the average correlation of GLT?
GLT (GLT) has an average correlation of about 0.302 with other NASDAQ stocks, based on 6,782 pairwise observations.
Is GLT positively correlated with other stocks?
Mostly yes — 69.1% of pairs are positive and 30.9% are negative. Strong positive correlations (≥0.7) make up 39.6%.
What is the most common correlation range for GLT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.5% of all pairs.
Explore the full interactive correlation distribution for GLT.
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