Granite Point Mortgage Trust Inc. Common Stock (GPMT) Correlation Distribution
Across 6,809 rolling correlation observations between Granite Point Mortgage Trust Inc. Common Stock (GPMT) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.292, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.4% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,809
- Mean correlation
- 0.292
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 34.4%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 211 | 3.1% | |
| -0.8 to -0.7 | 211 | 3.1% | |
| -0.7 to -0.6 | 296 | 4.3% | |
| -0.6 to -0.5 | 295 | 4.3% | |
| -0.5 to -0.4 | 227 | 3.3% | |
| -0.4 to -0.3 | 227 | 3.3% | |
| -0.3 to -0.2 | 196 | 2.9% | |
| -0.2 to -0.1 | 195 | 2.9% | |
| -0.1 to 0.0 | 182 | 2.7% | |
| 0.0 to 0.1 | 181 | 2.7% | |
| 0.1 to 0.2 | 238 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 317 | 4.7% | |
| 0.4 to 0.5 | 316 | 4.6% | |
| 0.5 to 0.6 | 566 | 8.3% | |
| 0.6 to 0.7 | 565 | 8.3% | |
| 0.7 to 0.8 | 1,030 | 15.1% | |
| 0.8 to 0.9 | 1,029 | 15.1% | |
| 0.9 to 1.0 | 285 | 4.2% |
Frequently asked questions
What is the average correlation of GPMT?
Granite Point Mortgage Trust Inc. Common Stock (GPMT) has an average correlation of about 0.292 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GPMT positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 34.4%.
What is the most common correlation range for GPMT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for GPMT.
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