Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) Correlation Distribution
Across 6,807 rolling correlation observations between Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.271, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.1% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,807
- Mean correlation
- 0.271
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 17.1%
- Sector
- Lessors Of Real Property, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 58 | 0.9% | |
| -0.7 to -0.6 | 176 | 2.6% | |
| -0.6 to -0.5 | 175 | 2.6% | |
| -0.5 to -0.4 | 317 | 4.7% | |
| -0.4 to -0.3 | 316 | 4.6% | |
| -0.3 to -0.2 | 305 | 4.5% | |
| -0.2 to -0.1 | 304 | 4.5% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 280 | 4.1% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 305 | 4.5% | |
| 0.3 to 0.4 | 467 | 6.9% | |
| 0.4 to 0.5 | 466 | 6.8% | |
| 0.5 to 0.6 | 913 | 13.4% | |
| 0.6 to 0.7 | 912 | 13.4% | |
| 0.7 to 0.8 | 579 | 8.5% | |
| 0.8 to 0.9 | 579 | 8.5% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of GOODN?
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) has an average correlation of about 0.271 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is GOODN positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 17.1%.
What is the most common correlation range for GOODN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.1% of all pairs.
Explore the full interactive correlation distribution for GOODN.
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