Haemonetics Corporation (HAE) Correlation Distribution
Across 6,809 rolling correlation observations between Haemonetics Corporation (HAE) and other NASDAQ-listed stocks, 39.3% are positive and 60.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.1% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- -0.088
- Most common range
- -0.3 to -0.2
- Positive pairs
- 39.3%
- Strong positive (≥0.7)
- 1.1%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 85 | 1.2% | |
| -0.7 to -0.6 | 329 | 4.8% | |
| -0.6 to -0.5 | 329 | 4.8% | |
| -0.5 to -0.4 | 566 | 8.3% | |
| -0.4 to -0.3 | 566 | 8.3% | |
| -0.3 to -0.2 | 731 | 10.7% | |
| -0.2 to -0.1 | 731 | 10.7% | |
| -0.1 to 0.0 | 703 | 10.3% | |
| 0.0 to 0.1 | 703 | 10.3% | |
| 0.1 to 0.2 | 475 | 7.0% | |
| 0.2 to 0.3 | 474 | 7.0% | |
| 0.3 to 0.4 | 346 | 5.1% | |
| 0.4 to 0.5 | 346 | 5.1% | |
| 0.5 to 0.6 | 129 | 1.9% | |
| 0.6 to 0.7 | 128 | 1.9% | |
| 0.7 to 0.8 | 38 | 0.6% | |
| 0.8 to 0.9 | 38 | 0.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of HAE?
Haemonetics Corporation (HAE) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HAE positively correlated with other stocks?
Not predominantly — 39.3% of pairs are positive and 60.7% are negative. Strong positive correlations (≥0.7) make up 1.1%.
What is the most common correlation range for HAE?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 56.1% of all pairs.
Explore the full interactive correlation distribution for HAE.
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