Graphic Packaging Holding Company (GPK) Correlation Distribution
Across 6,809 rolling correlation observations between Graphic Packaging Holding Company (GPK) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.131, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 17.6%.
- Total observations
- 6,809
- Mean correlation
- -0.131
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 13.2%
- Sector
- Paperboard Containers & Boxes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 598 | 8.8% | |
| -0.8 to -0.7 | 597 | 8.8% | |
| -0.7 to -0.6 | 734 | 10.8% | |
| -0.6 to -0.5 | 734 | 10.8% | |
| -0.5 to -0.4 | 386 | 5.7% | |
| -0.4 to -0.3 | 385 | 5.7% | |
| -0.3 to -0.2 | 266 | 3.9% | |
| -0.2 to -0.1 | 265 | 3.9% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 212 | 3.1% | |
| 0.3 to 0.4 | 218 | 3.2% | |
| 0.4 to 0.5 | 217 | 3.2% | |
| 0.5 to 0.6 | 317 | 4.7% | |
| 0.6 to 0.7 | 317 | 4.7% | |
| 0.7 to 0.8 | 430 | 6.3% | |
| 0.8 to 0.9 | 430 | 6.3% | |
| 0.9 to 1.0 | 37 | 0.5% |
Frequently asked questions
What is the average correlation of GPK?
Graphic Packaging Holding Company (GPK) has an average correlation of about -0.131 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GPK positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for GPK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for GPK.
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