Halliburton Company (HAL) Correlation Distribution
Across 6,809 rolling correlation observations between Halliburton Company (HAL) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.144, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.2% and strong negative correlations (≤−0.7) for 9.5%.
- Total observations
- 6,809
- Mean correlation
- -0.144
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 3.2%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 325 | 4.8% | |
| -0.8 to -0.7 | 324 | 4.8% | |
| -0.7 to -0.6 | 674 | 9.9% | |
| -0.6 to -0.5 | 673 | 9.9% | |
| -0.5 to -0.4 | 488 | 7.2% | |
| -0.4 to -0.3 | 488 | 7.2% | |
| -0.3 to -0.2 | 404 | 5.9% | |
| -0.2 to -0.1 | 404 | 5.9% | |
| -0.1 to 0.0 | 411 | 6.0% | |
| 0.0 to 0.1 | 411 | 6.0% | |
| 0.1 to 0.2 | 417 | 6.1% | |
| 0.2 to 0.3 | 416 | 6.1% | |
| 0.3 to 0.4 | 342 | 5.0% | |
| 0.4 to 0.5 | 342 | 5.0% | |
| 0.5 to 0.6 | 236 | 3.5% | |
| 0.6 to 0.7 | 236 | 3.5% | |
| 0.7 to 0.8 | 99 | 1.5% | |
| 0.8 to 0.9 | 99 | 1.5% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of HAL?
Halliburton Company (HAL) has an average correlation of about -0.144 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HAL positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 3.2%.
What is the most common correlation range for HAL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 36.2% of all pairs.
Explore the full interactive correlation distribution for HAL.
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