Hamilton Beach Brands Holding Company Class A Common Stock (HBB) Correlation Distribution
Across 6,809 rolling correlation observations between Hamilton Beach Brands Holding Company Class A Common Stock (HBB) and other NASDAQ-listed stocks, 63.2% are positive and 36.8% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.096, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.1% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.096
- Most common range
- 0.1 to 0.2
- Positive pairs
- 63.2%
- Strong positive (≥0.7)
- 3.1%
- Sector
- Electric Housewares & Fans
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 154 | 2.3% | |
| -0.6 to -0.5 | 154 | 2.3% | |
| -0.5 to -0.4 | 307 | 4.5% | |
| -0.4 to -0.3 | 306 | 4.5% | |
| -0.3 to -0.2 | 452 | 6.6% | |
| -0.2 to -0.1 | 452 | 6.6% | |
| -0.1 to 0.0 | 639 | 9.4% | |
| 0.0 to 0.1 | 638 | 9.4% | |
| 0.1 to 0.2 | 912 | 13.4% | |
| 0.2 to 0.3 | 911 | 13.4% | |
| 0.3 to 0.4 | 533 | 7.8% | |
| 0.4 to 0.5 | 533 | 7.8% | |
| 0.5 to 0.6 | 284 | 4.2% | |
| 0.6 to 0.7 | 283 | 4.2% | |
| 0.7 to 0.8 | 104 | 1.5% | |
| 0.8 to 0.9 | 103 | 1.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of HBB?
Hamilton Beach Brands Holding Company Class A Common Stock (HBB) has an average correlation of about 0.096 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HBB positively correlated with other stocks?
Mostly yes — 63.2% of pairs are positive and 36.8% are negative. Strong positive correlations (≥0.7) make up 3.1%.
What is the most common correlation range for HBB?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 58.8% of all pairs.
Explore the full interactive correlation distribution for HBB.
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