GRFX (GRFX) Correlation Distribution
Across 6,594 rolling correlation observations between GRFX (GRFX) and other NASDAQ-listed stocks, 51.8% are positive and 48.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.037, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 19.9% and strong negative correlations (≤−0.7) for 16.4%.
- Total observations
- 6,594
- Mean correlation
- 0.037
- Most common range
- 0.7 to 0.8
- Positive pairs
- 51.8%
- Strong positive (≥0.7)
- 19.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 537 | 8.1% | |
| -0.8 to -0.7 | 537 | 8.1% | |
| -0.7 to -0.6 | 385 | 5.8% | |
| -0.6 to -0.5 | 384 | 5.8% | |
| -0.5 to -0.4 | 290 | 4.4% | |
| -0.4 to -0.3 | 289 | 4.4% | |
| -0.3 to -0.2 | 262 | 4.0% | |
| -0.2 to -0.1 | 262 | 4.0% | |
| -0.1 to 0.0 | 223 | 3.4% | |
| 0.0 to 0.1 | 222 | 3.4% | |
| 0.1 to 0.2 | 223 | 3.4% | |
| 0.2 to 0.3 | 222 | 3.4% | |
| 0.3 to 0.4 | 254 | 3.9% | |
| 0.4 to 0.5 | 254 | 3.9% | |
| 0.5 to 0.6 | 467 | 7.1% | |
| 0.6 to 0.7 | 466 | 7.1% | |
| 0.7 to 0.8 | 621 | 9.4% | |
| 0.8 to 0.9 | 620 | 9.4% | |
| 0.9 to 1.0 | 68 | 1.0% |
Frequently asked questions
What is the average correlation of GRFX?
GRFX (GRFX) has an average correlation of about 0.037 with other NASDAQ stocks, based on 6,594 pairwise observations.
Is GRFX positively correlated with other stocks?
Mostly yes — 51.8% of pairs are positive and 48.2% are negative. Strong positive correlations (≥0.7) make up 19.9%.
What is the most common correlation range for GRFX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.4% of all pairs.
Explore the full interactive correlation distribution for GRFX.
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