Harvard Bioscience Inc (HBIO) Correlation Distribution
Across 6,809 rolling correlation observations between Harvard Bioscience Inc (HBIO) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.243, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.243
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 11.7%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 24 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.3% | |
| -0.7 to -0.6 | 193 | 2.8% | |
| -0.6 to -0.5 | 192 | 2.8% | |
| -0.5 to -0.4 | 326 | 4.8% | |
| -0.4 to -0.3 | 325 | 4.8% | |
| -0.3 to -0.2 | 306 | 4.5% | |
| -0.2 to -0.1 | 305 | 4.5% | |
| -0.1 to 0.0 | 324 | 4.8% | |
| 0.0 to 0.1 | 323 | 4.7% | |
| 0.1 to 0.2 | 356 | 5.2% | |
| 0.2 to 0.3 | 355 | 5.2% | |
| 0.3 to 0.4 | 605 | 8.9% | |
| 0.4 to 0.5 | 605 | 8.9% | |
| 0.5 to 0.6 | 875 | 12.9% | |
| 0.6 to 0.7 | 874 | 12.8% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 396 | 5.8% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of HBIO?
Harvard Bioscience Inc (HBIO) has an average correlation of about 0.243 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HBIO positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for HBIO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.9% of all pairs.
Explore the full interactive correlation distribution for HBIO.
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