Freedom Holding Corp. (FRHC) Correlation Distribution
Across 6,809 rolling correlation observations between Freedom Holding Corp. (FRHC) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.046, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.3% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,809
- Mean correlation
- -0.046
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 14.3%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 120 | 1.8% | |
| -0.8 to -0.7 | 120 | 1.8% | |
| -0.7 to -0.6 | 700 | 10.3% | |
| -0.6 to -0.5 | 699 | 10.3% | |
| -0.5 to -0.4 | 709 | 10.4% | |
| -0.4 to -0.3 | 708 | 10.4% | |
| -0.3 to -0.2 | 362 | 5.3% | |
| -0.2 to -0.1 | 361 | 5.3% | |
| -0.1 to 0.0 | 270 | 4.0% | |
| 0.0 to 0.1 | 269 | 4.0% | |
| 0.1 to 0.2 | 221 | 3.2% | |
| 0.2 to 0.3 | 220 | 3.2% | |
| 0.3 to 0.4 | 236 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 303 | 4.4% | |
| 0.6 to 0.7 | 302 | 4.4% | |
| 0.7 to 0.8 | 459 | 6.7% | |
| 0.8 to 0.9 | 458 | 6.7% | |
| 0.9 to 1.0 | 56 | 0.8% |
Frequently asked questions
What is the average correlation of FRHC?
Freedom Holding Corp. (FRHC) has an average correlation of about -0.046 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FRHC positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 14.3%.
What is the most common correlation range for FRHC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for FRHC.
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