Royal Gold Inc (RGLD) Correlation Distribution
Across 6,809 rolling correlation observations between Royal Gold Inc (RGLD) and other NASDAQ-listed stocks, 37.4% are positive and 62.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.069, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- -0.069
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.4%
- Strong positive (≥0.7)
- 2.4%
- Sector
- Mineral Royalty Traders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 290 | 4.3% | |
| -0.6 to -0.5 | 290 | 4.3% | |
| -0.5 to -0.4 | 825 | 12.1% | |
| -0.4 to -0.3 | 824 | 12.1% | |
| -0.3 to -0.2 | 770 | 11.3% | |
| -0.2 to -0.1 | 770 | 11.3% | |
| -0.1 to 0.0 | 438 | 6.4% | |
| 0.0 to 0.1 | 438 | 6.4% | |
| 0.1 to 0.2 | 353 | 5.2% | |
| 0.2 to 0.3 | 353 | 5.2% | |
| 0.3 to 0.4 | 320 | 4.7% | |
| 0.4 to 0.5 | 319 | 4.7% | |
| 0.5 to 0.6 | 301 | 4.4% | |
| 0.6 to 0.7 | 301 | 4.4% | |
| 0.7 to 0.8 | 81 | 1.2% | |
| 0.8 to 0.9 | 80 | 1.2% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of RGLD?
Royal Gold Inc (RGLD) has an average correlation of about -0.069 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RGLD positively correlated with other stocks?
Not predominantly — 37.4% of pairs are positive and 62.6% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for RGLD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 45.9% of all pairs.
Explore the full interactive correlation distribution for RGLD.
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