The Gorman-Rupp Company Common Shares (GRC) Correlation Distribution
Across 6,809 rolling correlation observations between The Gorman-Rupp Company Common Shares (GRC) and other NASDAQ-listed stocks, 74.2% are positive and 25.8% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.195, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.4% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.195
- Most common range
- 0.1 to 0.2
- Positive pairs
- 74.2%
- Strong positive (≥0.7)
- 4.4%
- Sector
- Pumps & Pumping Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 55 | 0.8% | |
| -0.8 to -0.7 | 54 | 0.8% | |
| -0.7 to -0.6 | 100 | 1.5% | |
| -0.6 to -0.5 | 99 | 1.5% | |
| -0.5 to -0.4 | 148 | 2.2% | |
| -0.4 to -0.3 | 148 | 2.2% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 595 | 8.7% | |
| 0.0 to 0.1 | 595 | 8.7% | |
| 0.1 to 0.2 | 821 | 12.1% | |
| 0.2 to 0.3 | 821 | 12.1% | |
| 0.3 to 0.4 | 776 | 11.4% | |
| 0.4 to 0.5 | 775 | 11.4% | |
| 0.5 to 0.6 | 482 | 7.1% | |
| 0.6 to 0.7 | 482 | 7.1% | |
| 0.7 to 0.8 | 147 | 2.2% | |
| 0.8 to 0.9 | 147 | 2.2% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of GRC?
The Gorman-Rupp Company Common Shares (GRC) has an average correlation of about 0.195 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GRC positively correlated with other stocks?
Mostly yes — 74.2% of pairs are positive and 25.8% are negative. Strong positive correlations (≥0.7) make up 4.4%.
What is the most common correlation range for GRC?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 49.8% of all pairs.
Explore the full interactive correlation distribution for GRC.
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