Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares (GOTU) Correlation Distribution
Across 6,806 rolling correlation observations between Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares (GOTU) and other NASDAQ-listed stocks, 65.2% are positive and 34.8% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.123, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,806
- Mean correlation
- 0.123
- Most common range
- -0.1 to 0.0
- Positive pairs
- 65.2%
- Strong positive (≥0.7)
- 1.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 61 | 0.9% | |
| -0.6 to -0.5 | 61 | 0.9% | |
| -0.5 to -0.4 | 242 | 3.6% | |
| -0.4 to -0.3 | 241 | 3.5% | |
| -0.3 to -0.2 | 469 | 6.9% | |
| -0.2 to -0.1 | 469 | 6.9% | |
| -0.1 to 0.0 | 825 | 12.1% | |
| 0.0 to 0.1 | 824 | 12.1% | |
| 0.1 to 0.2 | 762 | 11.2% | |
| 0.2 to 0.3 | 761 | 11.2% | |
| 0.3 to 0.4 | 721 | 10.6% | |
| 0.4 to 0.5 | 720 | 10.6% | |
| 0.5 to 0.6 | 274 | 4.0% | |
| 0.6 to 0.7 | 274 | 4.0% | |
| 0.7 to 0.8 | 50 | 0.7% | |
| 0.8 to 0.9 | 49 | 0.7% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GOTU?
Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares (GOTU) has an average correlation of about 0.123 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is GOTU positively correlated with other stocks?
Mostly yes — 65.2% of pairs are positive and 34.8% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for GOTU?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 60.4% of all pairs.
Explore the full interactive correlation distribution for GOTU.
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