TGH (TGH) Correlation Distribution
Across 6,566 rolling correlation observations between TGH (TGH) and other NASDAQ-listed stocks, 45.1% are positive and 54.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,566
- Mean correlation
- 0
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.1%
- Strong positive (≥0.7)
- 13.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 187 | 2.8% | |
| -0.8 to -0.7 | 186 | 2.8% | |
| -0.7 to -0.6 | 449 | 6.8% | |
| -0.6 to -0.5 | 448 | 6.8% | |
| -0.5 to -0.4 | 530 | 8.1% | |
| -0.4 to -0.3 | 530 | 8.1% | |
| -0.3 to -0.2 | 474 | 7.2% | |
| -0.2 to -0.1 | 473 | 7.2% | |
| -0.1 to 0.0 | 329 | 5.0% | |
| 0.0 to 0.1 | 329 | 5.0% | |
| 0.1 to 0.2 | 269 | 4.1% | |
| 0.2 to 0.3 | 268 | 4.1% | |
| 0.3 to 0.4 | 254 | 3.9% | |
| 0.4 to 0.5 | 253 | 3.9% | |
| 0.5 to 0.6 | 342 | 5.2% | |
| 0.6 to 0.7 | 342 | 5.2% | |
| 0.7 to 0.8 | 421 | 6.4% | |
| 0.8 to 0.9 | 421 | 6.4% | |
| 0.9 to 1.0 | 60 | 0.9% |
Frequently asked questions
What is the average correlation of TGH?
TGH (TGH) has an average correlation of about 0 with other NASDAQ stocks, based on 6,566 pairwise observations.
Is TGH positively correlated with other stocks?
Not predominantly — 45.1% of pairs are positive and 54.9% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for TGH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.6% of all pairs.
Explore the full interactive correlation distribution for TGH.
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