Community Healthcare Trust Incorporated Common Stock, $0.01 par value per share (CHCT) Correlation Distribution
Across 6,809 rolling correlation observations between Community Healthcare Trust Incorporated Common Stock, $0.01 par value per share (CHCT) and other NASDAQ-listed stocks, 65.7% are positive and 34.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.214, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31% and strong negative correlations (≤−0.7) for 13.3%.
- Total observations
- 6,809
- Mean correlation
- 0.214
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.7%
- Strong positive (≥0.7)
- 31%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 104 | 1.5% | |
| -0.9 to -0.8 | 400 | 5.9% | |
| -0.8 to -0.7 | 400 | 5.9% | |
| -0.7 to -0.6 | 258 | 3.8% | |
| -0.6 to -0.5 | 257 | 3.8% | |
| -0.5 to -0.4 | 195 | 2.9% | |
| -0.4 to -0.3 | 195 | 2.9% | |
| -0.3 to -0.2 | 171 | 2.5% | |
| -0.2 to -0.1 | 170 | 2.5% | |
| -0.1 to 0.0 | 188 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 214 | 3.1% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 283 | 4.2% | |
| 0.5 to 0.6 | 589 | 8.7% | |
| 0.6 to 0.7 | 588 | 8.6% | |
| 0.7 to 0.8 | 990 | 14.5% | |
| 0.8 to 0.9 | 989 | 14.5% | |
| 0.9 to 1.0 | 134 | 2.0% |
Frequently asked questions
What is the average correlation of CHCT?
Community Healthcare Trust Incorporated Common Stock, $0.01 par value per share (CHCT) has an average correlation of about 0.214 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CHCT positively correlated with other stocks?
Mostly yes — 65.7% of pairs are positive and 34.3% are negative. Strong positive correlations (≥0.7) make up 31%.
What is the most common correlation range for CHCT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.8% of all pairs.
Explore the full interactive correlation distribution for CHCT.
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