Greenland Technologies Holding Corporation Ordinary Shares (GTEC) Correlation Distribution
Across 6,809 rolling correlation observations between Greenland Technologies Holding Corporation Ordinary Shares (GTEC) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.4% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.309
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 30.4%
- Sector
- General Industrial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 202 | 3.0% | |
| -0.6 to -0.5 | 202 | 3.0% | |
| -0.5 to -0.4 | 351 | 5.2% | |
| -0.4 to -0.3 | 351 | 5.2% | |
| -0.3 to -0.2 | 307 | 4.5% | |
| -0.2 to -0.1 | 307 | 4.5% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 290 | 4.3% | |
| 0.1 to 0.2 | 276 | 4.1% | |
| 0.2 to 0.3 | 276 | 4.1% | |
| 0.3 to 0.4 | 340 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 595 | 8.7% | |
| 0.6 to 0.7 | 594 | 8.7% | |
| 0.7 to 0.8 | 991 | 14.6% | |
| 0.8 to 0.9 | 990 | 14.5% | |
| 0.9 to 1.0 | 87 | 1.3% |
Frequently asked questions
What is the average correlation of GTEC?
Greenland Technologies Holding Corporation Ordinary Shares (GTEC) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GTEC positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 30.4%.
What is the most common correlation range for GTEC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for GTEC.
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