Gulf Resources, Inc. (NV) Common Stock (GURE) Correlation Distribution
Across 6,808 rolling correlation observations between Gulf Resources, Inc. (NV) Common Stock (GURE) and other NASDAQ-listed stocks, 65.5% are positive and 34.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.215, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.9% and strong negative correlations (≤−0.7) for 13.3%.
- Total observations
- 6,808
- Mean correlation
- 0.215
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.5%
- Strong positive (≥0.7)
- 30.9%
- Sector
- Chemicals & Allied Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 139 | 2.0% | |
| -0.9 to -0.8 | 382 | 5.6% | |
| -0.8 to -0.7 | 382 | 5.6% | |
| -0.7 to -0.6 | 253 | 3.7% | |
| -0.6 to -0.5 | 253 | 3.7% | |
| -0.5 to -0.4 | 188 | 2.8% | |
| -0.4 to -0.3 | 187 | 2.7% | |
| -0.3 to -0.2 | 184 | 2.7% | |
| -0.2 to -0.1 | 184 | 2.7% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 196 | 2.9% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 204 | 3.0% | |
| 0.3 to 0.4 | 269 | 4.0% | |
| 0.4 to 0.5 | 269 | 4.0% | |
| 0.5 to 0.6 | 606 | 8.9% | |
| 0.6 to 0.7 | 605 | 8.9% | |
| 0.7 to 0.8 | 971 | 14.3% | |
| 0.8 to 0.9 | 971 | 14.3% | |
| 0.9 to 1.0 | 164 | 2.4% |
Frequently asked questions
What is the average correlation of GURE?
Gulf Resources, Inc. (NV) Common Stock (GURE) has an average correlation of about 0.215 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is GURE positively correlated with other stocks?
Mostly yes — 65.5% of pairs are positive and 34.5% are negative. Strong positive correlations (≥0.7) make up 30.9%.
What is the most common correlation range for GURE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.2% of all pairs.
Explore the full interactive correlation distribution for GURE.
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