Gyrodyne, LLC Common Stock (GYRO) Correlation Distribution
Across 6,293 rolling correlation observations between Gyrodyne, LLC Common Stock (GYRO) and other NASDAQ-listed stocks, 66.5% are positive and 33.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.228, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.1% and strong negative correlations (≤−0.7) for 7.3%.
- Total observations
- 6,293
- Mean correlation
- 0.228
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.5%
- Strong positive (≥0.7)
- 28.1%
- Sector
- Operators Of Nonresidential Buildings
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 227 | 3.6% | |
| -0.8 to -0.7 | 227 | 3.6% | |
| -0.7 to -0.6 | 309 | 4.9% | |
| -0.6 to -0.5 | 308 | 4.9% | |
| -0.5 to -0.4 | 198 | 3.1% | |
| -0.4 to -0.3 | 198 | 3.1% | |
| -0.3 to -0.2 | 204 | 3.2% | |
| -0.2 to -0.1 | 203 | 3.2% | |
| -0.1 to 0.0 | 229 | 3.6% | |
| 0.0 to 0.1 | 228 | 3.6% | |
| 0.1 to 0.2 | 246 | 3.9% | |
| 0.2 to 0.3 | 246 | 3.9% | |
| 0.3 to 0.4 | 314 | 5.0% | |
| 0.4 to 0.5 | 314 | 5.0% | |
| 0.5 to 0.6 | 536 | 8.5% | |
| 0.6 to 0.7 | 535 | 8.5% | |
| 0.7 to 0.8 | 863 | 13.7% | |
| 0.8 to 0.9 | 863 | 13.7% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of GYRO?
Gyrodyne, LLC Common Stock (GYRO) has an average correlation of about 0.228 with other NASDAQ stocks, based on 6,293 pairwise observations.
Is GYRO positively correlated with other stocks?
Mostly yes — 66.5% of pairs are positive and 33.5% are negative. Strong positive correlations (≥0.7) make up 28.1%.
What is the most common correlation range for GYRO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.5% of all pairs.
Explore the full interactive correlation distribution for GYRO.
Open interactive dashboard →