GoPro, Inc. (GPRO) Correlation Distribution
Across 6,809 rolling correlation observations between GoPro, Inc. (GPRO) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.282, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.4% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,809
- Mean correlation
- 0.282
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 35.4%
- Sector
- Photographic Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 67 | 1.0% | |
| -0.9 to -0.8 | 244 | 3.6% | |
| -0.8 to -0.7 | 244 | 3.6% | |
| -0.7 to -0.6 | 285 | 4.2% | |
| -0.6 to -0.5 | 285 | 4.2% | |
| -0.5 to -0.4 | 205 | 3.0% | |
| -0.4 to -0.3 | 204 | 3.0% | |
| -0.3 to -0.2 | 195 | 2.9% | |
| -0.2 to -0.1 | 195 | 2.9% | |
| -0.1 to 0.0 | 174 | 2.6% | |
| 0.0 to 0.1 | 173 | 2.5% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 285 | 4.2% | |
| 0.4 to 0.5 | 284 | 4.2% | |
| 0.5 to 0.6 | 554 | 8.1% | |
| 0.6 to 0.7 | 554 | 8.1% | |
| 0.7 to 0.8 | 1,049 | 15.4% | |
| 0.8 to 0.9 | 1,049 | 15.4% | |
| 0.9 to 1.0 | 315 | 4.6% |
Frequently asked questions
What is the average correlation of GPRO?
GoPro, Inc. (GPRO) has an average correlation of about 0.282 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GPRO positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 35.4%.
What is the most common correlation range for GPRO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for GPRO.
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