GitLab Inc. Class A Common Stock (GTLB) Correlation Distribution
Across 6,798 rolling correlation observations between GitLab Inc. Class A Common Stock (GTLB) and other NASDAQ-listed stocks, 77.6% are positive and 22.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.289, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,798
- Mean correlation
- 0.289
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.6%
- Strong positive (≥0.7)
- 10%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 31 | 0.5% | |
| -0.6 to -0.5 | 30 | 0.4% | |
| -0.5 to -0.4 | 151 | 2.2% | |
| -0.4 to -0.3 | 151 | 2.2% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 557 | 8.2% | |
| 0.0 to 0.1 | 557 | 8.2% | |
| 0.1 to 0.2 | 563 | 8.3% | |
| 0.2 to 0.3 | 563 | 8.3% | |
| 0.3 to 0.4 | 675 | 9.9% | |
| 0.4 to 0.5 | 674 | 9.9% | |
| 0.5 to 0.6 | 782 | 11.5% | |
| 0.6 to 0.7 | 781 | 11.5% | |
| 0.7 to 0.8 | 334 | 4.9% | |
| 0.8 to 0.9 | 334 | 4.9% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of GTLB?
GitLab Inc. Class A Common Stock (GTLB) has an average correlation of about 0.289 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is GTLB positively correlated with other stocks?
Mostly yes — 77.6% of pairs are positive and 22.4% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for GTLB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 41.8% of all pairs.
Explore the full interactive correlation distribution for GTLB.
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