GAMCO Natural Resources, Gold & Income Trust (GNT) Correlation Distribution
Across 6,809 rolling correlation observations between GAMCO Natural Resources, Gold & Income Trust (GNT) and other NASDAQ-listed stocks, 59.7% are positive and 40.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.119, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.119
- Most common range
- -0.1 to 0.0
- Positive pairs
- 59.7%
- Strong positive (≥0.7)
- 3.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 96 | 1.4% | |
| -0.6 to -0.5 | 96 | 1.4% | |
| -0.5 to -0.4 | 242 | 3.6% | |
| -0.4 to -0.3 | 242 | 3.6% | |
| -0.3 to -0.2 | 629 | 9.2% | |
| -0.2 to -0.1 | 629 | 9.2% | |
| -0.1 to 0.0 | 769 | 11.3% | |
| 0.0 to 0.1 | 768 | 11.3% | |
| 0.1 to 0.2 | 531 | 7.8% | |
| 0.2 to 0.3 | 530 | 7.8% | |
| 0.3 to 0.4 | 496 | 7.3% | |
| 0.4 to 0.5 | 495 | 7.3% | |
| 0.5 to 0.6 | 494 | 7.3% | |
| 0.6 to 0.7 | 493 | 7.2% | |
| 0.7 to 0.8 | 127 | 1.9% | |
| 0.8 to 0.9 | 126 | 1.9% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of GNT?
GAMCO Natural Resources, Gold & Income Trust (GNT) has an average correlation of about 0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GNT positively correlated with other stocks?
Mostly yes — 59.7% of pairs are positive and 40.3% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for GNT?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 56.6% of all pairs.
Explore the full interactive correlation distribution for GNT.
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