General Motors Company (GM) Correlation Distribution
Across 6,809 rolling correlation observations between General Motors Company (GM) and other NASDAQ-listed stocks, 81.6% are positive and 18.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.304, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 9.9% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.304
- Most common range
- 0.3 to 0.4
- Positive pairs
- 81.6%
- Strong positive (≥0.7)
- 9.9%
- Sector
- Motor Vehicles & Passenger Car Bodies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 83 | 1.2% | |
| -0.6 to -0.5 | 83 | 1.2% | |
| -0.5 to -0.4 | 130 | 1.9% | |
| -0.4 to -0.3 | 129 | 1.9% | |
| -0.3 to -0.2 | 214 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 363 | 5.3% | |
| 0.0 to 0.1 | 363 | 5.3% | |
| 0.1 to 0.2 | 656 | 9.6% | |
| 0.2 to 0.3 | 656 | 9.6% | |
| 0.3 to 0.4 | 846 | 12.4% | |
| 0.4 to 0.5 | 845 | 12.4% | |
| 0.5 to 0.6 | 758 | 11.1% | |
| 0.6 to 0.7 | 757 | 11.1% | |
| 0.7 to 0.8 | 323 | 4.7% | |
| 0.8 to 0.9 | 322 | 4.7% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of GM?
General Motors Company (GM) has an average correlation of about 0.304 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GM positively correlated with other stocks?
Mostly yes — 81.6% of pairs are positive and 18.4% are negative. Strong positive correlations (≥0.7) make up 9.9%.
What is the most common correlation range for GM?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.2% of all pairs.
Explore the full interactive correlation distribution for GM.
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