GENCO SHIPPING & TRADING LTD (GNK) Correlation Distribution
Across 6,809 rolling correlation observations between GENCO SHIPPING & TRADING LTD (GNK) and other NASDAQ-listed stocks, 56.7% are positive and 43.3% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.061, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.061
- Most common range
- 0.1 to 0.2
- Positive pairs
- 56.7%
- Strong positive (≥0.7)
- 1.6%
- Sector
- Deep Sea Foreign Transportation Of Freight
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 190 | 2.8% | |
| -0.6 to -0.5 | 190 | 2.8% | |
| -0.5 to -0.4 | 392 | 5.8% | |
| -0.4 to -0.3 | 392 | 5.8% | |
| -0.3 to -0.2 | 585 | 8.6% | |
| -0.2 to -0.1 | 585 | 8.6% | |
| -0.1 to 0.0 | 595 | 8.7% | |
| 0.0 to 0.1 | 594 | 8.7% | |
| 0.1 to 0.2 | 679 | 10.0% | |
| 0.2 to 0.3 | 679 | 10.0% | |
| 0.3 to 0.4 | 589 | 8.7% | |
| 0.4 to 0.5 | 589 | 8.7% | |
| 0.5 to 0.6 | 312 | 4.6% | |
| 0.6 to 0.7 | 311 | 4.6% | |
| 0.7 to 0.8 | 53 | 0.8% | |
| 0.8 to 0.9 | 52 | 0.8% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of GNK?
GENCO SHIPPING & TRADING LTD (GNK) has an average correlation of about 0.061 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GNK positively correlated with other stocks?
Mostly yes — 56.7% of pairs are positive and 43.3% are negative. Strong positive correlations (≥0.7) make up 1.6%.
What is the most common correlation range for GNK?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 54.6% of all pairs.
Explore the full interactive correlation distribution for GNK.
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