GXO Logistics, Inc. (GXO) Correlation Distribution
Across 6,804 rolling correlation observations between GXO Logistics, Inc. (GXO) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.5% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,804
- Mean correlation
- 0.308
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 22.5%
- Sector
- Transportation Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 93 | 1.4% | |
| -0.6 to -0.5 | 92 | 1.4% | |
| -0.5 to -0.4 | 329 | 4.8% | |
| -0.4 to -0.3 | 329 | 4.8% | |
| -0.3 to -0.2 | 356 | 5.2% | |
| -0.2 to -0.1 | 355 | 5.2% | |
| -0.1 to 0.0 | 324 | 4.8% | |
| 0.0 to 0.1 | 324 | 4.8% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 316 | 4.6% | |
| 0.3 to 0.4 | 439 | 6.5% | |
| 0.4 to 0.5 | 439 | 6.5% | |
| 0.5 to 0.6 | 770 | 11.3% | |
| 0.6 to 0.7 | 770 | 11.3% | |
| 0.7 to 0.8 | 765 | 11.2% | |
| 0.8 to 0.9 | 765 | 11.2% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of GXO?
GXO Logistics, Inc. (GXO) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is GXO positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 22.5%.
What is the most common correlation range for GXO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for GXO.
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