Health Catalyst, Inc Common Stock (HCAT) Correlation Distribution
Across 6,809 rolling correlation observations between Health Catalyst, Inc Common Stock (HCAT) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.1% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- 0.321
- Most common range
- 0.9 to 1.0
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 40.1%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 139 | 2.0% | |
| -0.8 to -0.7 | 138 | 2.0% | |
| -0.7 to -0.6 | 354 | 5.2% | |
| -0.6 to -0.5 | 354 | 5.2% | |
| -0.5 to -0.4 | 247 | 3.6% | |
| -0.4 to -0.3 | 246 | 3.6% | |
| -0.3 to -0.2 | 217 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 191 | 2.8% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 253 | 3.7% | |
| 0.4 to 0.5 | 252 | 3.7% | |
| 0.5 to 0.6 | 428 | 6.3% | |
| 0.6 to 0.7 | 428 | 6.3% | |
| 0.7 to 0.8 | 908 | 13.3% | |
| 0.8 to 0.9 | 907 | 13.3% | |
| 0.9 to 1.0 | 917 | 13.5% |
Frequently asked questions
What is the average correlation of HCAT?
Health Catalyst, Inc Common Stock (HCAT) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is HCAT positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 40.1%.
What is the most common correlation range for HCAT?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for HCAT.
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