Grocery Outlet Holding Corp. Common Stock (GO) Correlation Distribution
Across 6,809 rolling correlation observations between Grocery Outlet Holding Corp. Common Stock (GO) and other NASDAQ-listed stocks, 56.4% are positive and 43.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 12.8%.
- Total observations
- 6,809
- Mean correlation
- 0.023
- Most common range
- 0.3 to 0.4
- Positive pairs
- 56.4%
- Strong positive (≥0.7)
- 3.8%
- Sector
- Retail-Grocery Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 431 | 6.3% | |
| -0.8 to -0.7 | 430 | 6.3% | |
| -0.7 to -0.6 | 314 | 4.6% | |
| -0.6 to -0.5 | 313 | 4.6% | |
| -0.5 to -0.4 | 287 | 4.2% | |
| -0.4 to -0.3 | 286 | 4.2% | |
| -0.3 to -0.2 | 282 | 4.1% | |
| -0.2 to -0.1 | 282 | 4.1% | |
| -0.1 to 0.0 | 336 | 4.9% | |
| 0.0 to 0.1 | 335 | 4.9% | |
| 0.1 to 0.2 | 415 | 6.1% | |
| 0.2 to 0.3 | 415 | 6.1% | |
| 0.3 to 0.4 | 623 | 9.1% | |
| 0.4 to 0.5 | 622 | 9.1% | |
| 0.5 to 0.6 | 586 | 8.6% | |
| 0.6 to 0.7 | 585 | 8.6% | |
| 0.7 to 0.8 | 127 | 1.9% | |
| 0.8 to 0.9 | 126 | 1.9% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of GO?
Grocery Outlet Holding Corp. Common Stock (GO) has an average correlation of about 0.023 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GO positively correlated with other stocks?
Mostly yes — 56.4% of pairs are positive and 43.6% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for GO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 30.3% of all pairs.
Explore the full interactive correlation distribution for GO.
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