Greenpro Capital Corp. Common Stock (GRNQ) Correlation Distribution
Across 6,809 rolling correlation observations between Greenpro Capital Corp. Common Stock (GRNQ) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.265, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.1% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,809
- Mean correlation
- 0.265
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 32.1%
- Sector
- Services-Management Consulting Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 84 | 1.2% | |
| -0.8 to -0.7 | 83 | 1.2% | |
| -0.7 to -0.6 | 356 | 5.2% | |
| -0.6 to -0.5 | 356 | 5.2% | |
| -0.5 to -0.4 | 342 | 5.0% | |
| -0.4 to -0.3 | 342 | 5.0% | |
| -0.3 to -0.2 | 247 | 3.6% | |
| -0.2 to -0.1 | 246 | 3.6% | |
| -0.1 to 0.0 | 239 | 3.5% | |
| 0.0 to 0.1 | 239 | 3.5% | |
| 0.1 to 0.2 | 247 | 3.6% | |
| 0.2 to 0.3 | 246 | 3.6% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 465 | 6.8% | |
| 0.6 to 0.7 | 464 | 6.8% | |
| 0.7 to 0.8 | 873 | 12.8% | |
| 0.8 to 0.9 | 873 | 12.8% | |
| 0.9 to 1.0 | 439 | 6.4% |
Frequently asked questions
What is the average correlation of GRNQ?
Greenpro Capital Corp. Common Stock (GRNQ) has an average correlation of about 0.265 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GRNQ positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 32.1%.
What is the most common correlation range for GRNQ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.5% of all pairs.
Explore the full interactive correlation distribution for GRNQ.
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