Greenlane Holdings, Inc. Class A Common Stock (GNLN) Correlation Distribution
Across 6,809 rolling correlation observations between Greenlane Holdings, Inc. Class A Common Stock (GNLN) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.287, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 36.1% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.287
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 36.1%
- Sector
- Wholesale-Durable Goods, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 116 | 1.7% | |
| -0.8 to -0.7 | 116 | 1.7% | |
| -0.7 to -0.6 | 340 | 5.0% | |
| -0.6 to -0.5 | 340 | 5.0% | |
| -0.5 to -0.4 | 337 | 4.9% | |
| -0.4 to -0.3 | 336 | 4.9% | |
| -0.3 to -0.2 | 229 | 3.4% | |
| -0.2 to -0.1 | 229 | 3.4% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 215 | 3.2% | |
| 0.3 to 0.4 | 282 | 4.1% | |
| 0.4 to 0.5 | 282 | 4.1% | |
| 0.5 to 0.6 | 433 | 6.4% | |
| 0.6 to 0.7 | 432 | 6.3% | |
| 0.7 to 0.8 | 855 | 12.6% | |
| 0.8 to 0.9 | 855 | 12.6% | |
| 0.9 to 1.0 | 747 | 11.0% |
Frequently asked questions
What is the average correlation of GNLN?
Greenlane Holdings, Inc. Class A Common Stock (GNLN) has an average correlation of about 0.287 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GNLN positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 36.1%.
What is the most common correlation range for GNLN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for GNLN.
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