GENFIT S.A. American Depositary Shares (GNFT) Correlation Distribution
Across 6,807 rolling correlation observations between GENFIT S.A. American Depositary Shares (GNFT) and other NASDAQ-listed stocks, 55.7% are positive and 44.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.052, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,807
- Mean correlation
- 0.052
- Most common range
- -0.1 to 0.0
- Positive pairs
- 55.7%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 26 | 0.4% | |
| -0.6 to -0.5 | 25 | 0.4% | |
| -0.5 to -0.4 | 255 | 3.7% | |
| -0.4 to -0.3 | 255 | 3.7% | |
| -0.3 to -0.2 | 754 | 11.1% | |
| -0.2 to -0.1 | 754 | 11.1% | |
| -0.1 to 0.0 | 944 | 13.9% | |
| 0.0 to 0.1 | 944 | 13.9% | |
| 0.1 to 0.2 | 739 | 10.9% | |
| 0.2 to 0.3 | 738 | 10.8% | |
| 0.3 to 0.4 | 571 | 8.4% | |
| 0.4 to 0.5 | 570 | 8.4% | |
| 0.5 to 0.6 | 112 | 1.6% | |
| 0.6 to 0.7 | 112 | 1.6% | |
| 0.7 to 0.8 | 3 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GNFT?
GENFIT S.A. American Depositary Shares (GNFT) has an average correlation of about 0.052 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is GNFT positively correlated with other stocks?
Mostly yes — 55.7% of pairs are positive and 44.3% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for GNFT?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 71.6% of all pairs.
Explore the full interactive correlation distribution for GNFT.
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