Garrett Motion Inc. Common Stock (GTX) Correlation Distribution
Across 6,807 rolling correlation observations between Garrett Motion Inc. Common Stock (GTX) and other NASDAQ-listed stocks, 40.7% are positive and 59.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.043, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,807
- Mean correlation
- -0.043
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.7%
- Strong positive (≥0.7)
- 5.9%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 509 | 7.5% | |
| -0.6 to -0.5 | 509 | 7.5% | |
| -0.5 to -0.4 | 845 | 12.4% | |
| -0.4 to -0.3 | 845 | 12.4% | |
| -0.3 to -0.2 | 497 | 7.3% | |
| -0.2 to -0.1 | 496 | 7.3% | |
| -0.1 to 0.0 | 309 | 4.5% | |
| 0.0 to 0.1 | 309 | 4.5% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 309 | 4.5% | |
| 0.4 to 0.5 | 308 | 4.5% | |
| 0.5 to 0.6 | 456 | 6.7% | |
| 0.6 to 0.7 | 456 | 6.7% | |
| 0.7 to 0.8 | 200 | 2.9% | |
| 0.8 to 0.9 | 199 | 2.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GTX?
Garrett Motion Inc. Common Stock (GTX) has an average correlation of about -0.043 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is GTX positively correlated with other stocks?
Not predominantly — 40.7% of pairs are positive and 59.3% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for GTX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for GTX.
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