Global Net Lease, Inc. (GNL) Correlation Distribution
Across 6,809 rolling correlation observations between Global Net Lease, Inc. (GNL) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.7% and strong negative correlations (≤−0.7) for 11.9%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 34.7%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 57 | 0.8% | |
| -0.9 to -0.8 | 376 | 5.5% | |
| -0.8 to -0.7 | 375 | 5.5% | |
| -0.7 to -0.6 | 264 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 193 | 2.8% | |
| -0.4 to -0.3 | 192 | 2.8% | |
| -0.3 to -0.2 | 193 | 2.8% | |
| -0.2 to -0.1 | 193 | 2.8% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 200 | 2.9% | |
| 0.3 to 0.4 | 267 | 3.9% | |
| 0.4 to 0.5 | 266 | 3.9% | |
| 0.5 to 0.6 | 511 | 7.5% | |
| 0.6 to 0.7 | 511 | 7.5% | |
| 0.7 to 0.8 | 1,080 | 15.9% | |
| 0.8 to 0.9 | 1,080 | 15.9% | |
| 0.9 to 1.0 | 205 | 3.0% |
Frequently asked questions
What is the average correlation of GNL?
Global Net Lease, Inc. (GNL) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GNL positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 34.7%.
What is the most common correlation range for GNL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.2% of all pairs.
Explore the full interactive correlation distribution for GNL.
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