GameStop Corp. Class A (GME) Correlation Distribution
Across 6,809 rolling correlation observations between GameStop Corp. Class A (GME) and other NASDAQ-listed stocks, 78.8% are positive and 21.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.271, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.3% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.271
- Most common range
- 0.3 to 0.4
- Positive pairs
- 78.8%
- Strong positive (≥0.7)
- 8.3%
- Sector
- Retail-Computer & Computer Software Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 74 | 1.1% | |
| -0.6 to -0.5 | 74 | 1.1% | |
| -0.5 to -0.4 | 105 | 1.5% | |
| -0.4 to -0.3 | 105 | 1.5% | |
| -0.3 to -0.2 | 248 | 3.6% | |
| -0.2 to -0.1 | 247 | 3.6% | |
| -0.1 to 0.0 | 541 | 7.9% | |
| 0.0 to 0.1 | 540 | 7.9% | |
| 0.1 to 0.2 | 668 | 9.8% | |
| 0.2 to 0.3 | 667 | 9.8% | |
| 0.3 to 0.4 | 783 | 11.5% | |
| 0.4 to 0.5 | 782 | 11.5% | |
| 0.5 to 0.6 | 681 | 10.0% | |
| 0.6 to 0.7 | 681 | 10.0% | |
| 0.7 to 0.8 | 280 | 4.1% | |
| 0.8 to 0.9 | 280 | 4.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of GME?
GameStop Corp. Class A (GME) has an average correlation of about 0.271 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GME positively correlated with other stocks?
Mostly yes — 78.8% of pairs are positive and 21.2% are negative. Strong positive correlations (≥0.7) make up 8.3%.
What is the most common correlation range for GME?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 42.8% of all pairs.
Explore the full interactive correlation distribution for GME.
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