HCA Healthcare, Inc. (HCA) Correlation Distribution
Across 6,809 rolling correlation observations between HCA Healthcare, Inc. (HCA) and other NASDAQ-listed stocks, 41.7% are positive and 58.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 7.6%.
- Total observations
- 6,809
- Mean correlation
- -0.051
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.7%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Services-General Medical & Surgical Hospitals, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 258 | 3.8% | |
| -0.8 to -0.7 | 257 | 3.8% | |
| -0.7 to -0.6 | 700 | 10.3% | |
| -0.6 to -0.5 | 699 | 10.3% | |
| -0.5 to -0.4 | 555 | 8.2% | |
| -0.4 to -0.3 | 555 | 8.2% | |
| -0.3 to -0.2 | 341 | 5.0% | |
| -0.2 to -0.1 | 340 | 5.0% | |
| -0.1 to 0.0 | 262 | 3.8% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 234 | 3.4% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 234 | 3.4% | |
| 0.4 to 0.5 | 234 | 3.4% | |
| 0.5 to 0.6 | 304 | 4.5% | |
| 0.6 to 0.7 | 304 | 4.5% | |
| 0.7 to 0.8 | 485 | 7.1% | |
| 0.8 to 0.9 | 485 | 7.1% | |
| 0.9 to 1.0 | 66 | 1.0% |
Frequently asked questions
What is the average correlation of HCA?
HCA Healthcare, Inc. (HCA) has an average correlation of about -0.051 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HCA positively correlated with other stocks?
Not predominantly — 41.7% of pairs are positive and 58.3% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for HCA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for HCA.
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