Genenta Science S.p.A. American Depositary Shares (GNTA) Correlation Distribution
Across 6,726 rolling correlation observations between Genenta Science S.p.A. American Depositary Shares (GNTA) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.232, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.6% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,726
- Mean correlation
- 0.232
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 21.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 54 | 0.8% | |
| -0.7 to -0.6 | 370 | 5.5% | |
| -0.6 to -0.5 | 370 | 5.5% | |
| -0.5 to -0.4 | 331 | 4.9% | |
| -0.4 to -0.3 | 331 | 4.9% | |
| -0.3 to -0.2 | 259 | 3.9% | |
| -0.2 to -0.1 | 258 | 3.8% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 230 | 3.4% | |
| 0.1 to 0.2 | 260 | 3.9% | |
| 0.2 to 0.3 | 259 | 3.9% | |
| 0.3 to 0.4 | 411 | 6.1% | |
| 0.4 to 0.5 | 411 | 6.1% | |
| 0.5 to 0.6 | 724 | 10.8% | |
| 0.6 to 0.7 | 723 | 10.7% | |
| 0.7 to 0.8 | 724 | 10.8% | |
| 0.8 to 0.9 | 724 | 10.8% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of GNTA?
Genenta Science S.p.A. American Depositary Shares (GNTA) has an average correlation of about 0.232 with other NASDAQ stocks, based on 6,726 pairwise observations.
Is GNTA positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 21.6%.
What is the most common correlation range for GNTA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for GNTA.
Open interactive dashboard →