GMFI (GMFI) Correlation Distribution
Across 5,414 rolling correlation observations between GMFI (GMFI) and other NASDAQ-listed stocks, 36.4% are positive and 63.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.161, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 26.7%.
- Total observations
- 5,414
- Mean correlation
- -0.161
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.4%
- Strong positive (≥0.7)
- 16%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 164 | 3.0% | |
| -0.9 to -0.8 | 640 | 11.8% | |
| -0.8 to -0.7 | 639 | 11.8% | |
| -0.7 to -0.6 | 429 | 7.9% | |
| -0.6 to -0.5 | 429 | 7.9% | |
| -0.5 to -0.4 | 263 | 4.9% | |
| -0.4 to -0.3 | 262 | 4.8% | |
| -0.3 to -0.2 | 228 | 4.2% | |
| -0.2 to -0.1 | 228 | 4.2% | |
| -0.1 to 0.0 | 159 | 2.9% | |
| 0.0 to 0.1 | 158 | 2.9% | |
| 0.1 to 0.2 | 145 | 2.7% | |
| 0.2 to 0.3 | 145 | 2.7% | |
| 0.3 to 0.4 | 144 | 2.7% | |
| 0.4 to 0.5 | 144 | 2.7% | |
| 0.5 to 0.6 | 187 | 3.5% | |
| 0.6 to 0.7 | 186 | 3.4% | |
| 0.7 to 0.8 | 315 | 5.8% | |
| 0.8 to 0.9 | 315 | 5.8% | |
| 0.9 to 1.0 | 234 | 4.3% |
Frequently asked questions
What is the average correlation of GMFI?
GMFI (GMFI) has an average correlation of about -0.161 with other NASDAQ stocks, based on 5,414 pairwise observations.
Is GMFI positively correlated with other stocks?
Not predominantly — 36.4% of pairs are positive and 63.6% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for GMFI?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for GMFI.
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