Hanesbrands, Inc. (HBI) Correlation Distribution
Across 6,809 rolling correlation observations between Hanesbrands, Inc. (HBI) and other NASDAQ-listed stocks, 68.9% are positive and 31.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.7% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,809
- Mean correlation
- 0.306
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.9%
- Strong positive (≥0.7)
- 37.7%
- Sector
- Retail-Apparel & Accessory Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 154 | 2.3% | |
| -0.8 to -0.7 | 154 | 2.3% | |
| -0.7 to -0.6 | 286 | 4.2% | |
| -0.6 to -0.5 | 286 | 4.2% | |
| -0.5 to -0.4 | 271 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 230 | 3.4% | |
| 0.2 to 0.3 | 230 | 3.4% | |
| 0.3 to 0.4 | 271 | 4.0% | |
| 0.4 to 0.5 | 270 | 4.0% | |
| 0.5 to 0.6 | 453 | 6.7% | |
| 0.6 to 0.7 | 452 | 6.6% | |
| 0.7 to 0.8 | 993 | 14.6% | |
| 0.8 to 0.9 | 992 | 14.6% | |
| 0.9 to 1.0 | 579 | 8.5% |
Frequently asked questions
What is the average correlation of HBI?
Hanesbrands, Inc. (HBI) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HBI positively correlated with other stocks?
Mostly yes — 68.9% of pairs are positive and 31.1% are negative. Strong positive correlations (≥0.7) make up 37.7%.
What is the most common correlation range for HBI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for HBI.
Open interactive dashboard →