Goosehead Insurance, Inc. Class A Common Stock (GSHD) Correlation Distribution
Across 6,809 rolling correlation observations between Goosehead Insurance, Inc. Class A Common Stock (GSHD) and other NASDAQ-listed stocks, 72.9% are positive and 27.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.247, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.8% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.247
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.9%
- Strong positive (≥0.7)
- 9.8%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 152 | 2.2% | |
| -0.6 to -0.5 | 151 | 2.2% | |
| -0.5 to -0.4 | 196 | 2.9% | |
| -0.4 to -0.3 | 195 | 2.9% | |
| -0.3 to -0.2 | 311 | 4.6% | |
| -0.2 to -0.1 | 311 | 4.6% | |
| -0.1 to 0.0 | 434 | 6.4% | |
| 0.0 to 0.1 | 434 | 6.4% | |
| 0.1 to 0.2 | 474 | 7.0% | |
| 0.2 to 0.3 | 473 | 6.9% | |
| 0.3 to 0.4 | 636 | 9.3% | |
| 0.4 to 0.5 | 636 | 9.3% | |
| 0.5 to 0.6 | 822 | 12.1% | |
| 0.6 to 0.7 | 822 | 12.1% | |
| 0.7 to 0.8 | 329 | 4.8% | |
| 0.8 to 0.9 | 328 | 4.8% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of GSHD?
Goosehead Insurance, Inc. Class A Common Stock (GSHD) has an average correlation of about 0.247 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GSHD positively correlated with other stocks?
Mostly yes — 72.9% of pairs are positive and 27.1% are negative. Strong positive correlations (≥0.7) make up 9.8%.
What is the most common correlation range for GSHD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.8% of all pairs.
Explore the full interactive correlation distribution for GSHD.
Open interactive dashboard →