Green Brick Partners, Inc (GRBK) Correlation Distribution
Across 6,809 rolling correlation observations between Green Brick Partners, Inc (GRBK) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.117, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 11.4%.
- Total observations
- 6,809
- Mean correlation
- -0.117
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 14.7%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 385 | 5.7% | |
| -0.8 to -0.7 | 385 | 5.7% | |
| -0.7 to -0.6 | 882 | 13.0% | |
| -0.6 to -0.5 | 882 | 13.0% | |
| -0.5 to -0.4 | 498 | 7.3% | |
| -0.4 to -0.3 | 497 | 7.3% | |
| -0.3 to -0.2 | 266 | 3.9% | |
| -0.2 to -0.1 | 266 | 3.9% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 198 | 2.9% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 207 | 3.0% | |
| 0.3 to 0.4 | 205 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 261 | 3.8% | |
| 0.6 to 0.7 | 261 | 3.8% | |
| 0.7 to 0.8 | 410 | 6.0% | |
| 0.8 to 0.9 | 410 | 6.0% | |
| 0.9 to 1.0 | 178 | 2.6% |
Frequently asked questions
What is the average correlation of GRBK?
Green Brick Partners, Inc (GRBK) has an average correlation of about -0.117 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GRBK positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for GRBK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for GRBK.
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