GENERAC HOLDINGS INC (GNRC) Correlation Distribution
Across 6,809 rolling correlation observations between GENERAC HOLDINGS INC (GNRC) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.329, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.4% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.329
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 31.4%
- Sector
- Motors & Generators
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 158 | 2.3% | |
| -0.6 to -0.5 | 158 | 2.3% | |
| -0.5 to -0.4 | 365 | 5.4% | |
| -0.4 to -0.3 | 364 | 5.3% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 263 | 3.9% | |
| 0.2 to 0.3 | 263 | 3.9% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 400 | 5.9% | |
| 0.5 to 0.6 | 598 | 8.8% | |
| 0.6 to 0.7 | 597 | 8.8% | |
| 0.7 to 0.8 | 954 | 14.0% | |
| 0.8 to 0.9 | 953 | 14.0% | |
| 0.9 to 1.0 | 228 | 3.3% |
Frequently asked questions
What is the average correlation of GNRC?
GENERAC HOLDINGS INC (GNRC) has an average correlation of about 0.329 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GNRC positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 31.4%.
What is the most common correlation range for GNRC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for GNRC.
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