TGAAU (TGAAU) Correlation Distribution
Across 5,520 rolling correlation observations between TGAAU (TGAAU) and other NASDAQ-listed stocks, 30.2% are positive and 69.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.248, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 22.4%.
- Total observations
- 5,520
- Mean correlation
- -0.248
- Most common range
- -0.7 to -0.6
- Positive pairs
- 30.2%
- Strong positive (≥0.7)
- 8.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 53 | 1.0% | |
| -0.9 to -0.8 | 592 | 10.7% | |
| -0.8 to -0.7 | 591 | 10.7% | |
| -0.7 to -0.6 | 686 | 12.4% | |
| -0.6 to -0.5 | 685 | 12.4% | |
| -0.5 to -0.4 | 342 | 6.2% | |
| -0.4 to -0.3 | 342 | 6.2% | |
| -0.3 to -0.2 | 196 | 3.6% | |
| -0.2 to -0.1 | 195 | 3.5% | |
| -0.1 to 0.0 | 170 | 3.1% | |
| 0.0 to 0.1 | 169 | 3.1% | |
| 0.1 to 0.2 | 170 | 3.1% | |
| 0.2 to 0.3 | 170 | 3.1% | |
| 0.3 to 0.4 | 166 | 3.0% | |
| 0.4 to 0.5 | 165 | 3.0% | |
| 0.5 to 0.6 | 170 | 3.1% | |
| 0.6 to 0.7 | 170 | 3.1% | |
| 0.7 to 0.8 | 213 | 3.9% | |
| 0.8 to 0.9 | 212 | 3.8% | |
| 0.9 to 1.0 | 63 | 1.1% |
Frequently asked questions
What is the average correlation of TGAAU?
TGAAU (TGAAU) has an average correlation of about -0.248 with other NASDAQ stocks, based on 5,520 pairwise observations.
Is TGAAU positively correlated with other stocks?
Not predominantly — 30.2% of pairs are positive and 69.8% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for TGAAU?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for TGAAU.
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