Garmin Ltd (GRMN) Correlation Distribution
Across 6,809 rolling correlation observations between Garmin Ltd (GRMN) and other NASDAQ-listed stocks, 55.9% are positive and 44.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.12, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.6% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- 0.12
- Most common range
- -0.3 to -0.2
- Positive pairs
- 55.9%
- Strong positive (≥0.7)
- 13.6%
- Sector
- Search, Detection, Navagation, Guidance, Aeronautical Sys
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 76 | 1.1% | |
| -0.8 to -0.7 | 76 | 1.1% | |
| -0.7 to -0.6 | 186 | 2.7% | |
| -0.6 to -0.5 | 186 | 2.7% | |
| -0.5 to -0.4 | 324 | 4.8% | |
| -0.4 to -0.3 | 323 | 4.7% | |
| -0.3 to -0.2 | 623 | 9.1% | |
| -0.2 to -0.1 | 622 | 9.1% | |
| -0.1 to 0.0 | 578 | 8.5% | |
| 0.0 to 0.1 | 578 | 8.5% | |
| 0.1 to 0.2 | 391 | 5.7% | |
| 0.2 to 0.3 | 391 | 5.7% | |
| 0.3 to 0.4 | 373 | 5.5% | |
| 0.4 to 0.5 | 372 | 5.5% | |
| 0.5 to 0.6 | 388 | 5.7% | |
| 0.6 to 0.7 | 388 | 5.7% | |
| 0.7 to 0.8 | 426 | 6.3% | |
| 0.8 to 0.9 | 426 | 6.3% | |
| 0.9 to 1.0 | 76 | 1.1% |
Frequently asked questions
What is the average correlation of GRMN?
Garmin Ltd (GRMN) has an average correlation of about 0.12 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GRMN positively correlated with other stocks?
Mostly yes — 55.9% of pairs are positive and 44.1% are negative. Strong positive correlations (≥0.7) make up 13.6%.
What is the most common correlation range for GRMN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.7% of all pairs.
Explore the full interactive correlation distribution for GRMN.
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