Genmab A/S ADS (GMAB) Correlation Distribution
Across 6,809 rolling correlation observations between Genmab A/S ADS (GMAB) and other NASDAQ-listed stocks, 64.3% are positive and 35.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.124, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.5% and strong negative correlations (≤−0.7) for 7.2%.
- Total observations
- 6,809
- Mean correlation
- 0.124
- Most common range
- 0.3 to 0.4
- Positive pairs
- 64.3%
- Strong positive (≥0.7)
- 6.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.2% | |
| -0.9 to -0.8 | 236 | 3.5% | |
| -0.8 to -0.7 | 236 | 3.5% | |
| -0.7 to -0.6 | 326 | 4.8% | |
| -0.6 to -0.5 | 326 | 4.8% | |
| -0.5 to -0.4 | 250 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 252 | 3.7% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 411 | 6.0% | |
| 0.2 to 0.3 | 410 | 6.0% | |
| 0.3 to 0.4 | 715 | 10.5% | |
| 0.4 to 0.5 | 715 | 10.5% | |
| 0.5 to 0.6 | 697 | 10.2% | |
| 0.6 to 0.7 | 697 | 10.2% | |
| 0.7 to 0.8 | 216 | 3.2% | |
| 0.8 to 0.9 | 216 | 3.2% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of GMAB?
Genmab A/S ADS (GMAB) has an average correlation of about 0.124 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GMAB positively correlated with other stocks?
Mostly yes — 64.3% of pairs are positive and 35.7% are negative. Strong positive correlations (≥0.7) make up 6.5%.
What is the most common correlation range for GMAB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for GMAB.
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