Grab Holdings Limited Class A Ordinary Shares (GRAB) Correlation Distribution
Across 6,792 rolling correlation observations between Grab Holdings Limited Class A Ordinary Shares (GRAB) and other NASDAQ-listed stocks, 75.1% are positive and 24.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.236, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,792
- Mean correlation
- 0.236
- Most common range
- 0.3 to 0.4
- Positive pairs
- 75.1%
- Strong positive (≥0.7)
- 6.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 83 | 1.2% | |
| -0.6 to -0.5 | 82 | 1.2% | |
| -0.5 to -0.4 | 189 | 2.8% | |
| -0.4 to -0.3 | 189 | 2.8% | |
| -0.3 to -0.2 | 337 | 5.0% | |
| -0.2 to -0.1 | 336 | 4.9% | |
| -0.1 to 0.0 | 456 | 6.7% | |
| 0.0 to 0.1 | 456 | 6.7% | |
| 0.1 to 0.2 | 673 | 9.9% | |
| 0.2 to 0.3 | 673 | 9.9% | |
| 0.3 to 0.4 | 833 | 12.3% | |
| 0.4 to 0.5 | 833 | 12.3% | |
| 0.5 to 0.6 | 610 | 9.0% | |
| 0.6 to 0.7 | 610 | 9.0% | |
| 0.7 to 0.8 | 202 | 3.0% | |
| 0.8 to 0.9 | 201 | 3.0% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of GRAB?
Grab Holdings Limited Class A Ordinary Shares (GRAB) has an average correlation of about 0.236 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is GRAB positively correlated with other stocks?
Mostly yes — 75.1% of pairs are positive and 24.9% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for GRAB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 43.2% of all pairs.
Explore the full interactive correlation distribution for GRAB.
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