DHT HOLDINGS, INC. (DHT) Correlation Distribution
Across 6,809 rolling correlation observations between DHT HOLDINGS, INC. (DHT) and other NASDAQ-listed stocks, 34.3% are positive and 65.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.206, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 24.6%.
- Total observations
- 6,809
- Mean correlation
- -0.206
- Most common range
- -0.9 to -0.8
- Positive pairs
- 34.3%
- Strong positive (≥0.7)
- 10.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 826 | 12.1% | |
| -0.8 to -0.7 | 826 | 12.1% | |
| -0.7 to -0.6 | 718 | 10.5% | |
| -0.6 to -0.5 | 717 | 10.5% | |
| -0.5 to -0.4 | 327 | 4.8% | |
| -0.4 to -0.3 | 327 | 4.8% | |
| -0.3 to -0.2 | 247 | 3.6% | |
| -0.2 to -0.1 | 246 | 3.6% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 213 | 3.1% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 203 | 3.0% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 302 | 4.4% | |
| 0.6 to 0.7 | 301 | 4.4% | |
| 0.7 to 0.8 | 333 | 4.9% | |
| 0.8 to 0.9 | 333 | 4.9% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of DHT?
DHT HOLDINGS, INC. (DHT) has an average correlation of about -0.206 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DHT positively correlated with other stocks?
Not predominantly — 34.3% of pairs are positive and 65.7% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for DHT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for DHT.
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