GigaMedia Ltd (GIGM) — Stock Correlations & Overview
Over the past year, GIGM has moved most closely with GBLI, RECT, NCVpA. Explore the stocks most correlated and inversely correlated with GIGM below, along with its price, financials, and company profile.
Stocks correlated with GIGM
Correlation of daily returns. Higher positive values move with GIGM; negative values move opposite it. Informational only, not investment advice.
Most correlated with GIGM
| Symbol | Company | Correlation |
|---|---|---|
| GBLI | Global Indemnity Group, LLC Class A Common StockFIRE, MARINE & CASUALTY INSURANCE | 0.24 |
| RECT | Rectitude Holdings Ltd Ordinary Shares | 0.24 |
| NCVpA | Virtus Convertible & Income Fund 5.625% Series A Cumulative Preferred Shares | 0.23 |
| AMZE | Amaze Holdings, Inc.RETAIL-CATALOG & MAIL-ORDER HOUSES | 0.21 |
| MFICL | MidCap Financial Investment Corporation 8.00% Notes due 2028 | 0.20 |
Most inversely correlated with GIGM
| Symbol | Company | Correlation |
|---|---|---|
| ENTA | Enanta Pharmaceuticals, IncPHARMACEUTICAL PREPARATIONS | -0.23 |
| PLNT | Planet Fitness, Inc.SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS | -0.22 |
| VVOS | Vivos Therapeutics, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.22 |
| IOVA | Iovance Biotherapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.21 |
| BIOA | BioAge Labs, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.21 |
Frequently asked questions about GIGM correlations
- Which stocks are most correlated with GIGM?
- Based on one year of daily returns, the stocks most correlated with GigaMedia Ltd (GIGM) are GBLI (0.24), RECT (0.24) and NCVpA (0.23). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GIGM?
- Over the past year, the stocks most inversely correlated with GigaMedia Ltd (GIGM) are ENTA (-0.23), PLNT (-0.22) and VVOS (-0.22). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GIGM correlations calculated?
- We compute the correlation of daily returns between GIGM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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