GSMGW (GSMGW) Correlation Distribution
Across 6,733 rolling correlation observations between GSMGW (GSMGW) and other NASDAQ-listed stocks, 69.5% are positive and 30.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.313, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.5% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,733
- Mean correlation
- 0.313
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.5%
- Strong positive (≥0.7)
- 35.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 69 | 1.0% | |
| -0.8 to -0.7 | 69 | 1.0% | |
| -0.7 to -0.6 | 274 | 4.1% | |
| -0.6 to -0.5 | 273 | 4.1% | |
| -0.5 to -0.4 | 329 | 4.9% | |
| -0.4 to -0.3 | 328 | 4.9% | |
| -0.3 to -0.2 | 246 | 3.7% | |
| -0.2 to -0.1 | 246 | 3.7% | |
| -0.1 to 0.0 | 220 | 3.3% | |
| 0.0 to 0.1 | 219 | 3.3% | |
| 0.1 to 0.2 | 238 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 471 | 7.0% | |
| 0.6 to 0.7 | 471 | 7.0% | |
| 0.7 to 0.8 | 947 | 14.1% | |
| 0.8 to 0.9 | 946 | 14.1% | |
| 0.9 to 1.0 | 498 | 7.4% |
Frequently asked questions
What is the average correlation of GSMGW?
GSMGW (GSMGW) has an average correlation of about 0.313 with other NASDAQ stocks, based on 6,733 pairwise observations.
Is GSMGW positively correlated with other stocks?
Mostly yes — 69.5% of pairs are positive and 30.5% are negative. Strong positive correlations (≥0.7) make up 35.5%.
What is the most common correlation range for GSMGW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for GSMGW.
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