ESS Tech, Inc. (GWH) Correlation Distribution
Across 6,799 rolling correlation observations between ESS Tech, Inc. (GWH) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.325, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.6% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,799
- Mean correlation
- 0.325
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 36.6%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 86 | 1.3% | |
| -0.7 to -0.6 | 281 | 4.1% | |
| -0.6 to -0.5 | 281 | 4.1% | |
| -0.5 to -0.4 | 308 | 4.5% | |
| -0.4 to -0.3 | 308 | 4.5% | |
| -0.3 to -0.2 | 222 | 3.3% | |
| -0.2 to -0.1 | 222 | 3.3% | |
| -0.1 to 0.0 | 221 | 3.3% | |
| 0.0 to 0.1 | 221 | 3.3% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 291 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 506 | 7.4% | |
| 0.6 to 0.7 | 505 | 7.4% | |
| 0.7 to 0.8 | 911 | 13.4% | |
| 0.8 to 0.9 | 911 | 13.4% | |
| 0.9 to 1.0 | 666 | 9.8% |
Frequently asked questions
What is the average correlation of GWH?
ESS Tech, Inc. (GWH) has an average correlation of about 0.325 with other NASDAQ stocks, based on 6,799 pairwise observations.
Is GWH positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 36.6%.
What is the most common correlation range for GWH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for GWH.
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