Good Times Restaurants Inc. (GTIM) Correlation Distribution
Across 6,809 rolling correlation observations between Good Times Restaurants Inc. (GTIM) and other NASDAQ-listed stocks, 76.9% are positive and 23.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.31, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.31
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.9%
- Strong positive (≥0.7)
- 15.9%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 71 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 152 | 2.2% | |
| -0.4 to -0.3 | 152 | 2.2% | |
| -0.3 to -0.2 | 361 | 5.3% | |
| -0.2 to -0.1 | 360 | 5.3% | |
| -0.1 to 0.0 | 403 | 5.9% | |
| 0.0 to 0.1 | 402 | 5.9% | |
| 0.1 to 0.2 | 493 | 7.2% | |
| 0.2 to 0.3 | 492 | 7.2% | |
| 0.3 to 0.4 | 659 | 9.7% | |
| 0.4 to 0.5 | 658 | 9.7% | |
| 0.5 to 0.6 | 725 | 10.6% | |
| 0.6 to 0.7 | 724 | 10.6% | |
| 0.7 to 0.8 | 522 | 7.7% | |
| 0.8 to 0.9 | 522 | 7.7% | |
| 0.9 to 1.0 | 37 | 0.5% |
Frequently asked questions
What is the average correlation of GTIM?
Good Times Restaurants Inc. (GTIM) has an average correlation of about 0.31 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GTIM positively correlated with other stocks?
Mostly yes — 76.9% of pairs are positive and 23.1% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for GTIM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.9% of all pairs.
Explore the full interactive correlation distribution for GTIM.
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