NGMS (NGMS) Correlation Distribution
Across 6,630 rolling correlation observations between NGMS (NGMS) and other NASDAQ-listed stocks, 72.9% are positive and 27.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.26, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.8% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,630
- Mean correlation
- 0.26
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.9%
- Strong positive (≥0.7)
- 9.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 151 | 2.3% | |
| -0.6 to -0.5 | 150 | 2.3% | |
| -0.5 to -0.4 | 217 | 3.3% | |
| -0.4 to -0.3 | 216 | 3.3% | |
| -0.3 to -0.2 | 305 | 4.6% | |
| -0.2 to -0.1 | 304 | 4.6% | |
| -0.1 to 0.0 | 346 | 5.2% | |
| 0.0 to 0.1 | 346 | 5.2% | |
| 0.1 to 0.2 | 374 | 5.6% | |
| 0.2 to 0.3 | 374 | 5.6% | |
| 0.3 to 0.4 | 582 | 8.8% | |
| 0.4 to 0.5 | 582 | 8.8% | |
| 0.5 to 0.6 | 962 | 14.5% | |
| 0.6 to 0.7 | 962 | 14.5% | |
| 0.7 to 0.8 | 322 | 4.9% | |
| 0.8 to 0.9 | 322 | 4.9% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of NGMS?
NGMS (NGMS) has an average correlation of about 0.26 with other NASDAQ stocks, based on 6,630 pairwise observations.
Is NGMS positively correlated with other stocks?
Mostly yes — 72.9% of pairs are positive and 27.1% are negative. Strong positive correlations (≥0.7) make up 9.8%.
What is the most common correlation range for NGMS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.9% of all pairs.
Explore the full interactive correlation distribution for NGMS.
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