NGM (NGM) Correlation Distribution
Across 6,606 rolling correlation observations between NGM (NGM) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.1% and strong negative correlations (≤−0.7) for 9.1%.
- Total observations
- 6,606
- Mean correlation
- 0.308
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 40.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 33 | 0.5% | |
| -0.9 to -0.8 | 284 | 4.3% | |
| -0.8 to -0.7 | 283 | 4.3% | |
| -0.7 to -0.6 | 219 | 3.3% | |
| -0.6 to -0.5 | 218 | 3.3% | |
| -0.5 to -0.4 | 184 | 2.8% | |
| -0.4 to -0.3 | 183 | 2.8% | |
| -0.3 to -0.2 | 181 | 2.7% | |
| -0.2 to -0.1 | 180 | 2.7% | |
| -0.1 to 0.0 | 178 | 2.7% | |
| 0.0 to 0.1 | 178 | 2.7% | |
| 0.1 to 0.2 | 193 | 2.9% | |
| 0.2 to 0.3 | 192 | 2.9% | |
| 0.3 to 0.4 | 282 | 4.3% | |
| 0.4 to 0.5 | 281 | 4.3% | |
| 0.5 to 0.6 | 444 | 6.7% | |
| 0.6 to 0.7 | 444 | 6.7% | |
| 0.7 to 0.8 | 1,159 | 17.5% | |
| 0.8 to 0.9 | 1,158 | 17.5% | |
| 0.9 to 1.0 | 332 | 5.0% |
Frequently asked questions
What is the average correlation of NGM?
NGM (NGM) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,606 pairwise observations.
Is NGM positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 40.1%.
What is the most common correlation range for NGM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for NGM.
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