TGAA (TGAA) Correlation Distribution
Across 6,191 rolling correlation observations between TGAA (TGAA) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.169, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 27.2%.
- Total observations
- 6,191
- Mean correlation
- -0.169
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 15.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 263 | 4.2% | |
| -0.9 to -0.8 | 711 | 11.5% | |
| -0.8 to -0.7 | 711 | 11.5% | |
| -0.7 to -0.6 | 494 | 8.0% | |
| -0.6 to -0.5 | 493 | 8.0% | |
| -0.5 to -0.4 | 303 | 4.9% | |
| -0.4 to -0.3 | 303 | 4.9% | |
| -0.3 to -0.2 | 232 | 3.7% | |
| -0.2 to -0.1 | 232 | 3.7% | |
| -0.1 to 0.0 | 183 | 3.0% | |
| 0.0 to 0.1 | 182 | 2.9% | |
| 0.1 to 0.2 | 170 | 2.7% | |
| 0.2 to 0.3 | 170 | 2.7% | |
| 0.3 to 0.4 | 176 | 2.8% | |
| 0.4 to 0.5 | 176 | 2.8% | |
| 0.5 to 0.6 | 228 | 3.7% | |
| 0.6 to 0.7 | 228 | 3.7% | |
| 0.7 to 0.8 | 341 | 5.5% | |
| 0.8 to 0.9 | 340 | 5.5% | |
| 0.9 to 1.0 | 255 | 4.1% |
Frequently asked questions
What is the average correlation of TGAA?
TGAA (TGAA) has an average correlation of about -0.169 with other NASDAQ stocks, based on 6,191 pairwise observations.
Is TGAA 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 15.1%.
What is the most common correlation range for TGAA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for TGAA.
Open interactive dashboard →