The Gabelli Healthcare & Wellness Trust (GRX) Correlation Distribution
Across 6,809 rolling correlation observations between The Gabelli Healthcare & Wellness Trust (GRX) and other NASDAQ-listed stocks, 73.4% are positive and 26.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.336, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.8% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.336
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.4%
- Strong positive (≥0.7)
- 31.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 47 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 163 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 313 | 4.6% | |
| -0.4 to -0.3 | 312 | 4.6% | |
| -0.3 to -0.2 | 250 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 267 | 3.9% | |
| 0.0 to 0.1 | 266 | 3.9% | |
| 0.1 to 0.2 | 292 | 4.3% | |
| 0.2 to 0.3 | 291 | 4.3% | |
| 0.3 to 0.4 | 399 | 5.9% | |
| 0.4 to 0.5 | 398 | 5.8% | |
| 0.5 to 0.6 | 594 | 8.7% | |
| 0.6 to 0.7 | 594 | 8.7% | |
| 0.7 to 0.8 | 998 | 14.7% | |
| 0.8 to 0.9 | 998 | 14.7% | |
| 0.9 to 1.0 | 169 | 2.5% |
Frequently asked questions
What is the average correlation of GRX?
The Gabelli Healthcare & Wellness Trust (GRX) has an average correlation of about 0.336 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GRX positively correlated with other stocks?
Mostly yes — 73.4% of pairs are positive and 26.6% are negative. Strong positive correlations (≥0.7) make up 31.8%.
What is the most common correlation range for GRX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for GRX.
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