Global Payments, Inc. (GPN) Correlation Distribution
Across 6,809 rolling correlation observations between Global Payments, Inc. (GPN) and other NASDAQ-listed stocks, 65.7% are positive and 34.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.8% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.7%
- Strong positive (≥0.7)
- 27.8%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 115 | 1.7% | |
| -0.8 to -0.7 | 115 | 1.7% | |
| -0.7 to -0.6 | 315 | 4.6% | |
| -0.6 to -0.5 | 315 | 4.6% | |
| -0.5 to -0.4 | 330 | 4.8% | |
| -0.4 to -0.3 | 330 | 4.8% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 279 | 4.1% | |
| -0.1 to 0.0 | 256 | 3.8% | |
| 0.0 to 0.1 | 255 | 3.7% | |
| 0.1 to 0.2 | 288 | 4.2% | |
| 0.2 to 0.3 | 288 | 4.2% | |
| 0.3 to 0.4 | 343 | 5.0% | |
| 0.4 to 0.5 | 343 | 5.0% | |
| 0.5 to 0.6 | 533 | 7.8% | |
| 0.6 to 0.7 | 533 | 7.8% | |
| 0.7 to 0.8 | 877 | 12.9% | |
| 0.8 to 0.9 | 877 | 12.9% | |
| 0.9 to 1.0 | 137 | 2.0% |
Frequently asked questions
What is the average correlation of GPN?
Global Payments, Inc. (GPN) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GPN positively correlated with other stocks?
Mostly yes — 65.7% of pairs are positive and 34.3% are negative. Strong positive correlations (≥0.7) make up 27.8%.
What is the most common correlation range for GPN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for GPN.
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