Granite Construction Inc. (GVA) Correlation Distribution
Across 6,809 rolling correlation observations between Granite Construction Inc. (GVA) and other NASDAQ-listed stocks, 42.7% are positive and 57.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.008, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,809
- Mean correlation
- -0.008
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.7%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Heavy Construction Other Than Bldg Const - Contractors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 149 | 2.2% | |
| -0.8 to -0.7 | 148 | 2.2% | |
| -0.7 to -0.6 | 545 | 8.0% | |
| -0.6 to -0.5 | 544 | 8.0% | |
| -0.5 to -0.4 | 712 | 10.5% | |
| -0.4 to -0.3 | 711 | 10.4% | |
| -0.3 to -0.2 | 403 | 5.9% | |
| -0.2 to -0.1 | 402 | 5.9% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 287 | 4.2% | |
| 0.1 to 0.2 | 223 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 243 | 3.6% | |
| 0.4 to 0.5 | 243 | 3.6% | |
| 0.5 to 0.6 | 275 | 4.0% | |
| 0.6 to 0.7 | 274 | 4.0% | |
| 0.7 to 0.8 | 421 | 6.2% | |
| 0.8 to 0.9 | 421 | 6.2% | |
| 0.9 to 1.0 | 296 | 4.3% |
Frequently asked questions
What is the average correlation of GVA?
Granite Construction Inc. (GVA) has an average correlation of about -0.008 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GVA positively correlated with other stocks?
Not predominantly — 42.7% of pairs are positive and 57.3% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for GVA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for GVA.
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