GeneDx Holdings Corp. Class A Common Stock (WGS) Correlation Distribution
Across 6,279 rolling correlation observations between GeneDx Holdings Corp. Class A Common Stock (WGS) and other NASDAQ-listed stocks, 52.6% are positive and 47.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.061, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 20.2% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,279
- Mean correlation
- 0.061
- Most common range
- 0.7 to 0.8
- Positive pairs
- 52.6%
- Strong positive (≥0.7)
- 20.2%
- Sector
- Services-Health Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 305 | 4.9% | |
| -0.8 to -0.7 | 305 | 4.9% | |
| -0.7 to -0.6 | 442 | 7.0% | |
| -0.6 to -0.5 | 442 | 7.0% | |
| -0.5 to -0.4 | 371 | 5.9% | |
| -0.4 to -0.3 | 370 | 5.9% | |
| -0.3 to -0.2 | 246 | 3.9% | |
| -0.2 to -0.1 | 245 | 3.9% | |
| -0.1 to 0.0 | 233 | 3.7% | |
| 0.0 to 0.1 | 233 | 3.7% | |
| 0.1 to 0.2 | 233 | 3.7% | |
| 0.2 to 0.3 | 233 | 3.7% | |
| 0.3 to 0.4 | 284 | 4.5% | |
| 0.4 to 0.5 | 283 | 4.5% | |
| 0.5 to 0.6 | 383 | 6.1% | |
| 0.6 to 0.7 | 382 | 6.1% | |
| 0.7 to 0.8 | 573 | 9.1% | |
| 0.8 to 0.9 | 573 | 9.1% | |
| 0.9 to 1.0 | 124 | 2.0% |
Frequently asked questions
What is the average correlation of WGS?
GeneDx Holdings Corp. Class A Common Stock (WGS) has an average correlation of about 0.061 with other NASDAQ stocks, based on 6,279 pairwise observations.
Is WGS positively correlated with other stocks?
Mostly yes — 52.6% of pairs are positive and 47.4% are negative. Strong positive correlations (≥0.7) make up 20.2%.
What is the most common correlation range for WGS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for WGS.
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