International General Insurance Holdings Ltd. Ordinary Share (IGIC) Correlation Distribution
Across 6,809 rolling correlation observations between International General Insurance Holdings Ltd. Ordinary Share (IGIC) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,809
- Mean correlation
- -0.051
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 15.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 198 | 2.9% | |
| -0.8 to -0.7 | 198 | 2.9% | |
| -0.7 to -0.6 | 562 | 8.3% | |
| -0.6 to -0.5 | 561 | 8.2% | |
| -0.5 to -0.4 | 807 | 11.9% | |
| -0.4 to -0.3 | 807 | 11.9% | |
| -0.3 to -0.2 | 364 | 5.3% | |
| -0.2 to -0.1 | 363 | 5.3% | |
| -0.1 to 0.0 | 255 | 3.7% | |
| 0.0 to 0.1 | 255 | 3.7% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 221 | 3.2% | |
| 0.3 to 0.4 | 218 | 3.2% | |
| 0.4 to 0.5 | 218 | 3.2% | |
| 0.5 to 0.6 | 264 | 3.9% | |
| 0.6 to 0.7 | 263 | 3.9% | |
| 0.7 to 0.8 | 388 | 5.7% | |
| 0.8 to 0.9 | 387 | 5.7% | |
| 0.9 to 1.0 | 252 | 3.7% |
Frequently asked questions
What is the average correlation of IGIC?
International General Insurance Holdings Ltd. Ordinary Share (IGIC) has an average correlation of about -0.051 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IGIC positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for IGIC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24.7% of all pairs.
Explore the full interactive correlation distribution for IGIC.
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