Grand Canyon Education, Inc (LOPE) Correlation Distribution
Across 6,809 rolling correlation observations between Grand Canyon Education, Inc (LOPE) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.119, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14% and strong negative correlations (≤−0.7) for 10.2%.
- Total observations
- 6,809
- Mean correlation
- -0.119
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 14%
- Sector
- Services-Educational Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 346 | 5.1% | |
| -0.8 to -0.7 | 346 | 5.1% | |
| -0.7 to -0.6 | 857 | 12.6% | |
| -0.6 to -0.5 | 856 | 12.6% | |
| -0.5 to -0.4 | 563 | 8.3% | |
| -0.4 to -0.3 | 563 | 8.3% | |
| -0.3 to -0.2 | 285 | 4.2% | |
| -0.2 to -0.1 | 285 | 4.2% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 213 | 3.1% | |
| 0.4 to 0.5 | 212 | 3.1% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 253 | 3.7% | |
| 0.7 to 0.8 | 394 | 5.8% | |
| 0.8 to 0.9 | 394 | 5.8% | |
| 0.9 to 1.0 | 166 | 2.4% |
Frequently asked questions
What is the average correlation of LOPE?
Grand Canyon Education, Inc (LOPE) has an average correlation of about -0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LOPE positively correlated with other stocks?
Not predominantly — 36.6% of pairs are positive and 63.4% are negative. Strong positive correlations (≥0.7) make up 14%.
What is the most common correlation range for LOPE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for LOPE.
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