FHLT (FHLT) Correlation Distribution
Across 5,056 rolling correlation observations between FHLT (FHLT) and other NASDAQ-listed stocks, 34.7% are positive and 65.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.129, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 5.5%.
- Total observations
- 5,056
- Mean correlation
- -0.129
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34.7%
- Strong positive (≥0.7)
- 10.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 140 | 2.8% | |
| -0.8 to -0.7 | 139 | 2.7% | |
| -0.7 to -0.6 | 617 | 12.2% | |
| -0.6 to -0.5 | 617 | 12.2% | |
| -0.5 to -0.4 | 526 | 10.4% | |
| -0.4 to -0.3 | 525 | 10.4% | |
| -0.3 to -0.2 | 278 | 5.5% | |
| -0.2 to -0.1 | 277 | 5.5% | |
| -0.1 to 0.0 | 184 | 3.6% | |
| 0.0 to 0.1 | 183 | 3.6% | |
| 0.1 to 0.2 | 181 | 3.6% | |
| 0.2 to 0.3 | 180 | 3.6% | |
| 0.3 to 0.4 | 148 | 2.9% | |
| 0.4 to 0.5 | 148 | 2.9% | |
| 0.5 to 0.6 | 201 | 4.0% | |
| 0.6 to 0.7 | 200 | 4.0% | |
| 0.7 to 0.8 | 253 | 5.0% | |
| 0.8 to 0.9 | 253 | 5.0% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of FHLT?
FHLT (FHLT) has an average correlation of about -0.129 with other NASDAQ stocks, based on 5,056 pairwise observations.
Is FHLT positively correlated with other stocks?
Not predominantly — 34.7% of pairs are positive and 65.3% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for FHLT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.4% of all pairs.
Explore the full interactive correlation distribution for FHLT.
Open interactive dashboard →