Gores Guggenheim, Inc. Class A Common Stock (PSNY) Correlation Distribution
Across 6,661 rolling correlation observations between Gores Guggenheim, Inc. Class A Common Stock (PSNY) and other NASDAQ-listed stocks, 56.8% are positive and 43.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.118, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.2% and strong negative correlations (≤−0.7) for 11.7%.
- Total observations
- 6,661
- Mean correlation
- 0.118
- Most common range
- 0.7 to 0.8
- Positive pairs
- 56.8%
- Strong positive (≥0.7)
- 26.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 376 | 5.6% | |
| -0.8 to -0.7 | 376 | 5.6% | |
| -0.7 to -0.6 | 426 | 6.4% | |
| -0.6 to -0.5 | 426 | 6.4% | |
| -0.5 to -0.4 | 274 | 4.1% | |
| -0.4 to -0.3 | 274 | 4.1% | |
| -0.3 to -0.2 | 238 | 3.6% | |
| -0.2 to -0.1 | 237 | 3.6% | |
| -0.1 to 0.0 | 227 | 3.4% | |
| 0.0 to 0.1 | 226 | 3.4% | |
| 0.1 to 0.2 | 251 | 3.8% | |
| 0.2 to 0.3 | 251 | 3.8% | |
| 0.3 to 0.4 | 269 | 4.0% | |
| 0.4 to 0.5 | 269 | 4.0% | |
| 0.5 to 0.6 | 384 | 5.8% | |
| 0.6 to 0.7 | 384 | 5.8% | |
| 0.7 to 0.8 | 676 | 10.1% | |
| 0.8 to 0.9 | 676 | 10.1% | |
| 0.9 to 1.0 | 396 | 5.9% |
Frequently asked questions
What is the average correlation of PSNY?
Gores Guggenheim, Inc. Class A Common Stock (PSNY) has an average correlation of about 0.118 with other NASDAQ stocks, based on 6,661 pairwise observations.
Is PSNY positively correlated with other stocks?
Mostly yes — 56.8% of pairs are positive and 43.2% are negative. Strong positive correlations (≥0.7) make up 26.2%.
What is the most common correlation range for PSNY?
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 PSNY.
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