Genworth Financial, Inc. (GNW) Correlation Distribution
Across 6,809 rolling correlation observations between Genworth Financial, Inc. (GNW) and other NASDAQ-listed stocks, 37% are positive and 63% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.153, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 20.3%.
- Total observations
- 6,809
- Mean correlation
- -0.153
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 682 | 10.0% | |
| -0.8 to -0.7 | 681 | 10.0% | |
| -0.7 to -0.6 | 808 | 11.9% | |
| -0.6 to -0.5 | 807 | 11.9% | |
| -0.5 to -0.4 | 324 | 4.8% | |
| -0.4 to -0.3 | 324 | 4.8% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 200 | 2.9% | |
| 0.0 to 0.1 | 200 | 2.9% | |
| 0.1 to 0.2 | 199 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 190 | 2.8% | |
| 0.4 to 0.5 | 190 | 2.8% | |
| 0.5 to 0.6 | 256 | 3.8% | |
| 0.6 to 0.7 | 255 | 3.7% | |
| 0.7 to 0.8 | 441 | 6.5% | |
| 0.8 to 0.9 | 441 | 6.5% | |
| 0.9 to 1.0 | 146 | 2.1% |
Frequently asked questions
What is the average correlation of GNW?
Genworth Financial, Inc. (GNW) has an average correlation of about -0.153 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GNW positively correlated with other stocks?
Not predominantly — 37% of pairs are positive and 63% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for GNW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for GNW.
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