Genuine Parts Company (GPC) Correlation Distribution
Across 6,809 rolling correlation observations between Genuine Parts Company (GPC) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.114, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.5% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 6,809
- Mean correlation
- -0.114
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 3.5%
- Sector
- Wholesale-Motor Vehicle Supplies & New Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 165 | 2.4% | |
| -0.8 to -0.7 | 165 | 2.4% | |
| -0.7 to -0.6 | 649 | 9.5% | |
| -0.6 to -0.5 | 649 | 9.5% | |
| -0.5 to -0.4 | 541 | 7.9% | |
| -0.4 to -0.3 | 540 | 7.9% | |
| -0.3 to -0.2 | 486 | 7.1% | |
| -0.2 to -0.1 | 485 | 7.1% | |
| -0.1 to 0.0 | 472 | 6.9% | |
| 0.0 to 0.1 | 471 | 6.9% | |
| 0.1 to 0.2 | 411 | 6.0% | |
| 0.2 to 0.3 | 410 | 6.0% | |
| 0.3 to 0.4 | 332 | 4.9% | |
| 0.4 to 0.5 | 332 | 4.9% | |
| 0.5 to 0.6 | 229 | 3.4% | |
| 0.6 to 0.7 | 229 | 3.4% | |
| 0.7 to 0.8 | 120 | 1.8% | |
| 0.8 to 0.9 | 120 | 1.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GPC?
Genuine Parts Company (GPC) has an average correlation of about -0.114 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GPC positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 3.5%.
What is the most common correlation range for GPC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 40.2% of all pairs.
Explore the full interactive correlation distribution for GPC.
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