Ferroglobe PLC Ordinary Shares (GSM) Correlation Distribution
Across 6,809 rolling correlation observations between Ferroglobe PLC Ordinary Shares (GSM) and other NASDAQ-listed stocks, 63.4% are positive and 36.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.132, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.132
- Most common range
- 0.3 to 0.4
- Positive pairs
- 63.4%
- Strong positive (≥0.7)
- 3.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 168 | 2.5% | |
| -0.6 to -0.5 | 167 | 2.5% | |
| -0.5 to -0.4 | 325 | 4.8% | |
| -0.4 to -0.3 | 324 | 4.8% | |
| -0.3 to -0.2 | 451 | 6.6% | |
| -0.2 to -0.1 | 450 | 6.6% | |
| -0.1 to 0.0 | 574 | 8.4% | |
| 0.0 to 0.1 | 573 | 8.4% | |
| 0.1 to 0.2 | 596 | 8.8% | |
| 0.2 to 0.3 | 595 | 8.7% | |
| 0.3 to 0.4 | 639 | 9.4% | |
| 0.4 to 0.5 | 638 | 9.4% | |
| 0.5 to 0.6 | 517 | 7.6% | |
| 0.6 to 0.7 | 516 | 7.6% | |
| 0.7 to 0.8 | 121 | 1.8% | |
| 0.8 to 0.9 | 121 | 1.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of GSM?
Ferroglobe PLC Ordinary Shares (GSM) has an average correlation of about 0.132 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GSM positively correlated with other stocks?
Mostly yes — 63.4% of pairs are positive and 36.6% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for GSM?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 47.6% of all pairs.
Explore the full interactive correlation distribution for GSM.
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