Global Medical REIT Inc. (GMRE) Correlation Distribution
Across 6,809 rolling correlation observations between Global Medical REIT Inc. (GMRE) and other NASDAQ-listed stocks, 69.7% are positive and 30.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.282, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.3% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,809
- Mean correlation
- 0.282
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.7%
- Strong positive (≥0.7)
- 29.3%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 82 | 1.2% | |
| -0.8 to -0.7 | 82 | 1.2% | |
| -0.7 to -0.6 | 365 | 5.4% | |
| -0.6 to -0.5 | 365 | 5.4% | |
| -0.5 to -0.4 | 252 | 3.7% | |
| -0.4 to -0.3 | 252 | 3.7% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 204 | 3.0% | |
| 0.0 to 0.1 | 203 | 3.0% | |
| 0.1 to 0.2 | 258 | 3.8% | |
| 0.2 to 0.3 | 258 | 3.8% | |
| 0.3 to 0.4 | 390 | 5.7% | |
| 0.4 to 0.5 | 389 | 5.7% | |
| 0.5 to 0.6 | 624 | 9.2% | |
| 0.6 to 0.7 | 623 | 9.1% | |
| 0.7 to 0.8 | 929 | 13.6% | |
| 0.8 to 0.9 | 929 | 13.6% | |
| 0.9 to 1.0 | 140 | 2.1% |
Frequently asked questions
What is the average correlation of GMRE?
Global Medical REIT Inc. (GMRE) has an average correlation of about 0.282 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GMRE positively correlated with other stocks?
Mostly yes — 69.7% of pairs are positive and 30.3% are negative. Strong positive correlations (≥0.7) make up 29.3%.
What is the most common correlation range for GMRE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for GMRE.
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