GPAC (GPAC) Correlation Distribution
Across 6,339 rolling correlation observations between GPAC (GPAC) and other NASDAQ-listed stocks, 27.7% are positive and 72.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.255, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.9% and strong negative correlations (≤−0.7) for 20.4%.
- Total observations
- 6,339
- Mean correlation
- -0.255
- Most common range
- -0.7 to -0.6
- Positive pairs
- 27.7%
- Strong positive (≥0.7)
- 10.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 74 | 1.2% | |
| -0.9 to -0.8 | 610 | 9.6% | |
| -0.8 to -0.7 | 610 | 9.6% | |
| -0.7 to -0.6 | 913 | 14.4% | |
| -0.6 to -0.5 | 912 | 14.4% | |
| -0.5 to -0.4 | 434 | 6.8% | |
| -0.4 to -0.3 | 433 | 6.8% | |
| -0.3 to -0.2 | 210 | 3.3% | |
| -0.2 to -0.1 | 210 | 3.3% | |
| -0.1 to 0.0 | 179 | 2.8% | |
| 0.0 to 0.1 | 179 | 2.8% | |
| 0.1 to 0.2 | 130 | 2.1% | |
| 0.2 to 0.3 | 130 | 2.1% | |
| 0.3 to 0.4 | 146 | 2.3% | |
| 0.4 to 0.5 | 146 | 2.3% | |
| 0.5 to 0.6 | 165 | 2.6% | |
| 0.6 to 0.7 | 165 | 2.6% | |
| 0.7 to 0.8 | 237 | 3.7% | |
| 0.8 to 0.9 | 237 | 3.7% | |
| 0.9 to 1.0 | 219 | 3.5% |
Frequently asked questions
What is the average correlation of GPAC?
GPAC (GPAC) has an average correlation of about -0.255 with other NASDAQ stocks, based on 6,339 pairwise observations.
Is GPAC positively correlated with other stocks?
Not predominantly — 27.7% of pairs are positive and 72.3% are negative. Strong positive correlations (≥0.7) make up 10.9%.
What is the most common correlation range for GPAC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 16.4% of all pairs.
Explore the full interactive correlation distribution for GPAC.
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