GENIE ENERGY LTD (GNE) Correlation Distribution
Across 6,809 rolling correlation observations between GENIE ENERGY LTD (GNE) and other NASDAQ-listed stocks, 32.3% are positive and 67.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.222, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 16.8%.
- Total observations
- 6,809
- Mean correlation
- -0.222
- Most common range
- -0.7 to -0.6
- Positive pairs
- 32.3%
- Strong positive (≥0.7)
- 5%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 573 | 8.4% | |
| -0.8 to -0.7 | 572 | 8.4% | |
| -0.7 to -0.6 | 917 | 13.5% | |
| -0.6 to -0.5 | 916 | 13.5% | |
| -0.5 to -0.4 | 423 | 6.2% | |
| -0.4 to -0.3 | 423 | 6.2% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 239 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 245 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 322 | 4.7% | |
| 0.6 to 0.7 | 322 | 4.7% | |
| 0.7 to 0.8 | 156 | 2.3% | |
| 0.8 to 0.9 | 156 | 2.3% | |
| 0.9 to 1.0 | 26 | 0.4% |
Frequently asked questions
What is the average correlation of GNE?
GENIE ENERGY LTD (GNE) has an average correlation of about -0.222 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GNE positively correlated with other stocks?
Not predominantly — 32.3% of pairs are positive and 67.7% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for GNE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for GNE.
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