Genelux Corporation Common Stock (GNLX) Correlation Distribution
Across 6,257 rolling correlation observations between Genelux Corporation Common Stock (GNLX) and other NASDAQ-listed stocks, 45.7% are positive and 54.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.058, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 16.6%.
- Total observations
- 6,257
- Mean correlation
- -0.058
- Most common range
- -0.9 to -0.8
- Positive pairs
- 45.7%
- Strong positive (≥0.7)
- 11.5%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 517 | 8.3% | |
| -0.8 to -0.7 | 517 | 8.3% | |
| -0.7 to -0.6 | 506 | 8.1% | |
| -0.6 to -0.5 | 505 | 8.1% | |
| -0.5 to -0.4 | 329 | 5.3% | |
| -0.4 to -0.3 | 329 | 5.3% | |
| -0.3 to -0.2 | 243 | 3.9% | |
| -0.2 to -0.1 | 242 | 3.9% | |
| -0.1 to 0.0 | 205 | 3.3% | |
| 0.0 to 0.1 | 204 | 3.3% | |
| 0.1 to 0.2 | 231 | 3.7% | |
| 0.2 to 0.3 | 231 | 3.7% | |
| 0.3 to 0.4 | 306 | 4.9% | |
| 0.4 to 0.5 | 306 | 4.9% | |
| 0.5 to 0.6 | 432 | 6.9% | |
| 0.6 to 0.7 | 431 | 6.9% | |
| 0.7 to 0.8 | 355 | 5.7% | |
| 0.8 to 0.9 | 354 | 5.7% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of GNLX?
Genelux Corporation Common Stock (GNLX) has an average correlation of about -0.058 with other NASDAQ stocks, based on 6,257 pairwise observations.
Is GNLX positively correlated with other stocks?
Not predominantly — 45.7% of pairs are positive and 54.3% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for GNLX?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.7% of all pairs.
Explore the full interactive correlation distribution for GNLX.
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