Chart Industries, Inc. (GTLS) Correlation Distribution
Across 6,809 rolling correlation observations between Chart Industries, Inc. (GTLS) and other NASDAQ-listed stocks, 65.6% are positive and 34.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.113, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.113
- Most common range
- 0.1 to 0.2
- Positive pairs
- 65.6%
- Strong positive (≥0.7)
- 0.3%
- Sector
- Fabricated Plate Work (Boiler Shops)
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 | 49 | 0.7% | |
| -0.6 to -0.5 | 48 | 0.7% | |
| -0.5 to -0.4 | 222 | 3.3% | |
| -0.4 to -0.3 | 222 | 3.3% | |
| -0.3 to -0.2 | 552 | 8.1% | |
| -0.2 to -0.1 | 551 | 8.1% | |
| -0.1 to 0.0 | 698 | 10.3% | |
| 0.0 to 0.1 | 697 | 10.2% | |
| 0.1 to 0.2 | 956 | 14.0% | |
| 0.2 to 0.3 | 956 | 14.0% | |
| 0.3 to 0.4 | 680 | 10.0% | |
| 0.4 to 0.5 | 680 | 10.0% | |
| 0.5 to 0.6 | 238 | 3.5% | |
| 0.6 to 0.7 | 238 | 3.5% | |
| 0.7 to 0.8 | 10 | 0.1% | |
| 0.8 to 0.9 | 10 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GTLS?
Chart Industries, Inc. (GTLS) has an average correlation of about 0.113 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GTLS positively correlated with other stocks?
Mostly yes — 65.6% of pairs are positive and 34.4% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for GTLS?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 64.8% of all pairs.
Explore the full interactive correlation distribution for GTLS.
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